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KOREA

S-Oil's losses widen on steep fall in oil prices
S-Oil, South Korea's major oil refiner and producer of para-xylene (p-xylene) majority owned by Saudi Aramco, today reported a bigger net loss in the fourth quarter on the back of a steep fall in oil prices. The company, in its filing to the Korea Stock...

Arkema starts up thiochemicals plant in Malaysia
Arkema says that its previously announced thiochemicals platform at Kerteh, Malaysia came on stream at the beginning of 2015. The thiochemicals site produces methyl mercaptan for use as a synthesis intermediate in animal feed and dimethyl disulfide (DMDS)...

Kumho and Songwon form marketing alliance
Songwon Industrial (Ulsan, South Korea) says that it has entered into a long-term, exclusive agreement with Kumho Petrochemical (Seoul) for cooperation in sales, marketing and technical service. Songwon, under the deal, will become the exclusive global...

Toray to expand polyester staple fiber production in South Korea
Toray Industries says that it will expand the production capacity for low-melt polyester staple fiber at the Gumi, South Korea, production site of Toray Chemical Korea. The additional low-melt polyester staple fiber production facility is expected...

Lotte restarts butadiene unit
Lotte Chemical (Seoul) restarted its butadiene extraction unit at Daesan, South Korea, today, after completing repairs, a source close to the company says. The 150,000-m.t./year butadiene unit was shut on 20 January to fix an unspecified technical issue...

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