Chemical Week Magazine :: New Construction Projects
SK Gas to build propylene plant at Ulsan in push into petchems business
8:43 AM MST | February 8, 2013
SK Gas (Seoul) says in a regulatory filing that it would invest $890 million to build a propylene plant at Ulsan, South Korea, as part of the companyâ€™s push into the petrochemical industry. SK Gas, South Koreaâ€™s largest importer and distributor of liquefied petroleum gas (LPG), will build a plant with capacity for 600,000 m.t./year of propylene by 2016. SK Gas also says it is considering importing US shale gasâ€“based LPG as feedstock for its petrochemical business. â€śRevenue of propylene is expected to reach $980 million annually when the plant starts...
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