If approved by Lotte's board, Lotte Chemical also plans to build a wholly owned monoethylene glycol plant adjacent to the proposed cracker. FID on the cracker is due in this year's second half. Pending final approvals, the ethylene plant could begin commercial operation in late 2018 or early 2019, Axiall said in a June 18 conference call with investors. According to the JV agreement, Axiall will contribute a maximum capital investment of $225 million between 2015 and 2019 towards engineering, procurement and construction phases of the cracker, with Lotte, as majority owner, to cover remaining construction costs. The amount of Axiall's capital contribution relative to the actual cost of the cracker's construction, then, would determine the company's ownership stake in the cracker, Axiall said, adding that it will retain an option to increase its equity interest in the completed plant by as much as 50%.