SK Energy to Invest $1.4 Billion for P-Xylene Plant in Korea

SK Innovation (Seoul) says its refining business, SK Energy, will invest about won1.62 trillion ($1.4 billion) to build a para -xylene plant at the company’s refining complex at Incheon, Korea. The company’s board made the investment decision at the end of April. The plant will have capacity for 1.3 million m.t./year of p -xylene, and it is expected to become operational in the second half of 2014. The company expects to sell most of the p -xylene produced at the facility in China. It is the latest in a series of p -xylene projects to be announced in...

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