SK Energy Splits Off Petchems

SK Energy (Seoul) says that its refining and petrochemical businesses will be split into 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 petchem business and include petrochemical plants at Ulsan, Korea. SK Energy announced last May that it would pursue a restructuring of its...

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