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Showa Shell, Taiyo Oil, and GS Caltex to Create World's Largest P-Xylene Plant

6:55 AM MDT | April 10, 2012 | Sotirios Frantzanas

A three-way agreement was signed in Seoul today for an expansion of para-xylene capacity at the Yeosu, Korea refining complex of GS Caltex (Seoul). The agreement was signed by Showa Shell Sekiyu (Tokyo), which operates Shell's oil products business in Japan; Taiyo Oil (Tokyo); and GS Caltex, a joint venture of GS Holdings (Seoul) and Chevron. P-xylene capacity at the Yeosu site will be increased by 1 million m.t./year through the cooperation of the three companies, to 2.35 million m.t./year. Completion of the expansion is expected by the end of 2014, and it will...

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