SK Energy’s Petchem Business to Become SK Energy Chemical

SK Energy (Seoul), which had announced in May 2010 that it is pursuing a restructuring of its businesses, says that its refining and petrochemical businesses will form separate entities. New wholly owned subsidiaries tentatively dubbed SK Energy Chemical and SK Energy Refining & Marketing will be formed effective January 1, 2011. SK Energy Chemical will focus on the company’s petrochemical business and will include its petrochemical units at Ulsan, Korea. SK Energy Refining & Marketing will focus on the company’s refining business and will...

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