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South Korea's SK Global to expand petchem complex in ChinaSouth Korea's SK Global to expand petchem complex in China |
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According to an official statement from South Korea’s SK Innovation, its subsidiary - SK Global Chemical is planning to invest a total of USD657 million to boost production capacity in China.
The expansion plan includes increasing ethylene production by 300,000 tons/year to 1.1 million tons/year, PE output by 300,000 tons/year to 900,000 tons/year and PP production by 300,000 tons/year to 700,000 tons/year, according to the statement.
SK Global Chemical jointly operate Sinopec-SK Wuhan Petrochemical since 2013 after pouring a total investment of USD2.92 billion into the venture. The expanded plant is expected to come online by 2020.