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SK Gas to build $890-million propylene plant at Ulsan

7:25 AM MST | January 30, 2013 | Natasha Alperowicz

SK Gas (Seoul) said in a regulatory filing that it will invest $890 million to build a propylene plant at Ulsan, South Korea, as part of its push into the petrochemical industry. SK Gas, South Korea’s largest importer and distributor of liquefied petroleum gas (LPG), will build a 600,000-m.t./year propylene plant by 2016. SK Gas also says it is considering importing US shale gas–based LPG as feedstock for its petrochemical business. "Revenue of propylene is expected to reach $980 million annually when the plant starts commercial production by...

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