IHS Chemical Week

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October 16, 2007
BP has agreed to sell its 47.4% stake in Samsung Petrochemical (SPC) to Samsung Corp. and Lee Bu-jin for a combined $70 million in cash. Samsung Corp., the trading arm of the Samsung...
October 16, 2007
LG Chem’s petrochemicals business reported third-quarter operating profit up 172%, to 170.9 billion won ($187 million), on sales up 6%, to 1,743 billion won. Strong polyolefin prices...
October 15, 2007
Songwon Industrial (Seoul) says it is planning to become a stronger player in the plastics stabilizer market, and plans to triple sales to about $300 million/year by 2010. Achieving...
October 10, 2007
BP has agreed to sell its 47.4% stake in Samsung Petrochemical, a leading producer of purified terephthalic acid....
September 12, 2007
Air Products says it has entered into a long-term agreement to supply nitrogen to Hynix Semiconductor's (Icheon, Korea) new back-end test and packaging fab that Hynix is building at...
September 7, 2007
DuPont says it has added 20,000 m.t./year of capacity at its Ulsan, Korea compounding facility for nylon resins. Total capacity was not disclosed. The expansion is in response to...
August 28, 2007
Stone & Webster says it has been awarded a contract by Lotte Daesan Petrochemical Corp. (Seoul) to expand capacity of an ethylene plant at Daesan, Korea from 650,000 m.t./year, to...
August 20, 2007
Jotun says it is will invest $37 million to build a marine and protective coatings plant at Pusan, South Korea that will more than double capacity to 40 million liters/year...
August 20, 2007
HuChems Fine Chemicals Corp. (Seoul) says it will build a 150,000-m.t./year mononitrobenzene (MNB) plant at its Yeosu, Korea complex. It has awarded a technology package to Noram...
August 7, 2007
Kim Seung-youn, the chairman of Hanwha Group (Seoul), has been sentenced to 18 months in jail after being convicted of assault by a Korean court. The prison sentence could complicate...
August 7, 2007
Compañía Española de Petróleos (Cepsa; Madrid) and Hyundai Oilbank Co. (HDO; Seoul) have signed a memorandum of understanding (MoU) with local authorities...
August 6, 2007
Korea’s Fair Trade Commission (FTC; Seoul) has fined nine Korean companies a combined won105.1 billion ($112 million) for conspiring to fix prices of polypropylene (PP) and...
August 6, 2007
PolyMirae (Yeosu, Korea) is studying plans to add polypropylene (PP) capacity at its Yeosu complex, CW has learned. The company is a 50-50 joint venture between Daelim Industrial...
July 31, 2007
S-Oil Corp. (Seoul) has completed the installation of ExxonMobil Chemical Technology Licensing’s Pxmax technology at S-Oil’s Onsan, Korea refining and petrochemical...
July 30, 2007
Asahi Kasei Chemicals says its subsidiary Tongsuh Petrochemical (Ulsan, Korea) has begun commercial operations of the world’s first propane-based acrylonitrile line at Ulsan. An...
July 30, 2007
BASF is considering quitting the styrenics business in Korea, local sources say. The company is a major producer of polystyrene (PS), expandable polystyrene (EPS), and acrylonitrile...
July 26, 2007
Kumho Mitsui Chemicals (Seoul) says it will double capacity to 130,000 m.t./year by 2009 for methylene di-para-phenylene isocyanate (MDI) at Yeosu, Korea. The company is a 50-50 joint...
July 26, 2007
BASF says it will increase capacity for Neopor, an improved version of its Styropor expandable polystyrene (EPS), at Ulsan, Korea and Ludwigshafen. It will raise capacity at...
July 26, 2007
BASF has decided to quit the lysine business less than 10 years after it entered the sector. BASF will close a 100,000-m.t./year lysine unit at Gunsan, Korea by mid-year with the loss...
July 25, 2007
UOP, a Honeywell subsidiary, says it has been selected by KP Chemical (Seoul) to supply UOP’s MX Sorbex technology, as well as engineering services, equipment, and adsorbent for...
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