JX Nippon and SK Global Chemical to Form Petchem JV

JX Nippon Oil & Energy (Tokyo) and SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, plan to establish a petrochemicals joint venture at Ulsan, Korea, press reports say. The planned 50-50 jv will mainly produce para-xylene, and will involve an investment of about ¥90 billion ($1.14 billion). The 1-million m.t./year facility will be online in 2014, reports...

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