SK Gas to build propylene plant at Ulsan in push into petchems business

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 company’s push into the petrochemical industry. SK Gas, South Korea’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 gas–based LPG as feedstock for its petrochemical business. “Revenue of propylene is expected to reach $980 million annually when the plant starts...

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