S-Oil Begins Construction of Aromatics Complex in Korea

S-Oil (Seoul) says it has begun construction of the previously announced aromatics complex at its Onsan refinery in Korea. S-Oil will invest about won1.4 trillion ($1.12 billion) to construct facilities for producing 900,000 m.t./year of para-xylene and 280,000 m.t./year of benzene. The facilities are expected to be completed by June 2011. S-Oil says that the global petrochemical market is expected to recover from 2011, and that para-xylene demand would continue to increase in Asia, driven by the steady growth of China’s polyester industry, but that...

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