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World News and Views :: Projects
Advanced Petrochemical approves PDH investment in South Korea
1:28 PM MDT | September 4, 2014 | Natasha Alperowicz
At a meeting held on 3 September, the board of directors of Advanced Petrochemical Co. (Al Jubail) approved the company’s equity investment in a previously announced propane dehydrogenation (PDH) project planned by SK Gas at Ulsan, South Korea. Advanced, through Advanced Global Investment Co., 95% owned by Advanced, will take a 35% stake in the plant. The facility will use the Lummus PDH technology and catalysts supplied by Clariant to produce 600,000 m.t./year propylene. The cost of the project is expected to be approximately $1 billion. Some 60% of...
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