World News and Views :: Projects
Hyundai Oilbank, Lotte Chemical sign MOU for xylenes and naphtha production JV
1:31 PM MDT | July 25, 2013 | Natasha Alperowicz
Hyundai Oilbank (Seoul), South Korea's fourth-largest refiner; and Lotte Chemical (Seoul) said today that they have signed a memorandum of agreement to build a joint venture complex at Seosan, South Korea. The companies plan to spend 1 trillion South Korean won ($893.6 million) to build the complex, which will produce 1 million m.t./year of mixed xylenes and 1 million tons of light naphtha. Hyundai Oilbank operates a 390,000-bbl/day refinery at Seosan. Hyundai Cosmo, jointly owned by Cosmo Oil and Hyundai Oilbank, and Lotte Chemical will use the mixed xylenes...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee