SK Innovation to Invest $1.43 Billion to Build P-Xylene Plant

SK Innovation (Seoul) says its refining business, SK Energy, will invest about won1.62 trillion ($1.43 billion) to build a para-xylene plant at the company’s refining complex at Incheon, Korea. The company’s board of directors made the investment decision on April 30. The plant will have a production capacity of 1.3 million m.t./year of p-xylene, and it is expected to become operational in the second half of 2014. The company expects to sell most of the p-xylene produced at the facility in China. SK Innovation, which was formerly known as SK Energy...

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