HomenewsChemicals

  • S. Korean exports show double-digit growth for second straight month

    • February 4, 2021
    • Posted by: ssr
    • Category: Chemical
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    S. Korean exports show double-digit growth for second straight month S. Korean exports rise by 11.4% in January, increasing by over 20% in the US, China and EU Cargo containers filled with export products are loaded onto ships at a dock in the Port of Busan, in the city’s Nam District. (Yonhap News) In defiance
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  • Lotte chemical firms aim for carbon neutral growth by 2030

    • February 3, 2021
    • Posted by: ssr
    • Category: Chemical
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    Lotte chemical firms aim for carbon neutral growth by 2030 Lotte Chemical CEO and President Kim Gy-hyun, center, and company employees announce the ″Green Promise 2030,″ on Tuesday. [LOTTE CHEMICAL] (Korea JoongAng Daily) Lotte Group’s four chemical subsidiaries are aiming for carbon neutral growth and 6 trillion won ($5.38 billion) in accumulated revenue from ecofriendly
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  • S Korea’s Hanwha Total to shut LPG-fed cracker in Mar to expand ethylene capacity by 50%

    • February 3, 2021
    • Posted by: ssr
    • Category: Chemical
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    S Korea's Hanwha Total to shut LPG-fed cracker in Mar to expand ethylene capacity by 50% HIGHLIGHTS Expansion to raise ethylene production capacity by half Hanwha Total's naphtha cracker currently operating at 100% capacity SINGAPORE — South Korea's petrochemical maker Hanwha Total plans to shut down its LPG-fed steam cracker in Daesan from March for 45
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  • SK Group’s exports exceed domestic sales in 2017

    • February 4, 2018
    • Posted by: ssr
    • Category: Chemical
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    sk-inno-740(0)
    SK Group's exports exceed domestic sales in 2017 SK Group said Sunday the proportion of exports in its total sales reached a record high last year, on the back of the brisk performance of its energy and chip businesses. South Korea's third-largest business group booked combined sales of 139 trillion won ($127.9 billion) in 2017.
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  • LG Chem to invest W300b in petrochemical facilities

    • January 1, 2018
    • Posted by: ssr
    • Category: Chemical
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    LG Chem to invest W300b in petrochemical facilities LG Chem will invest a total of 300 billion won ($278.6 million) to expand its petrochemical facilities in Yeosu, South Jeolla Province, the company said Tuesday. With the investment, the company plans to increase the annual production capacities of crude acrylic acid and super absorbent polymer by
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  • Petroleum refinery industry increasing investment, diversifying portfolio

    • December 25, 2017
    • Posted by: ssr
    • Category: Chemical
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    Petroleum refinery industry increasing investment, diversifying portfolio South Korea's petroleum refinery industry is making large scale investments and diversifying their portfolios amid solid growth this year, market watchers said Monday. Observers said that the move comes as companies want to capitalize on recent gains and better insulate themselves from uncertainties going forward. S-Oil Corp., which
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  • SK completes acquisition of Dow Chemical packaging business

    • December 18, 2017
    • Posted by: ssr
    • Category: Chemical
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    sk-inno-740(0)
    SK completes acquisition of Dow Chemical packaging business SK Global Chemical on Friday completed its acquisition of Dow Chemical’s packaging product business, the company said in a statement Monday. SK Global Chemical, the chemical unit of SK Innovation, signed a deal with Dow Chemical to acquire the US chemical firm’s polyvinylidene chloride (PVDC) unit in
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  • SK Chemicals to adopt holding company structure

    • November 30, 2017
    • Posted by: ssr
    • Category: Chemical
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    SK Chemicals to adopt holding company structure SK Chemicals, the chemicals and biopharmaceutical arm of South Korea’s SK Group, will officially take on a holding company structure from Friday, marking the biggest structural change for the company since its foundation 48 years ago. SK Chemicals will be split into a holdings company and a business
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  • SK-Sinopec joint venture to invest W740b to raise production capacity

    • November 15, 2017
    • Posted by: ssr
    • Category: Chemical
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    SK-Sinopec joint venture to invest W740b to raise production capacity A joint venture between SK Innovation and Sinopec of China has decided to invest 740 billion won ($653.8 million) to expand its production capacity by some 36 percent, officials in Seoul said Tuesday. The Sinopec-SK Wuhan Petrochemical joint venture was established in 2013 with the
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  • KOGAS completes 10-year energy project

    • September 6, 2017
    • Posted by: ssr
    • Category: Chemical
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    KOGAS completes 10-year energy project The Korea Gas Corp. (KOGAS) has accomplished its 10-year energy project in Uzbekistan. The Ustyurt Gas Chemical Complex is the biggest petrochemical plant in Central Asia. The Surgil project was launched in 2006 by a Korean consortium comprising Lotte Chemical, Korea Gas Corporation and GS E&R. The consortium established a
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