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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 -
SK completes acquisition of Dow Chemical packaging business
- December 18, 2017
- Posted by: ssr
- Category: Chemical
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 -
Lotte Chemical to expand ethylene output capacity
- December 13, 2017
- Posted by: ssr
- Category: Chemical
Lotte Chemical to expand ethylene output capacity SEOUL, Dec. 12 (Yonhap) — Lotte Chemical Co., a major chemicals firm here, said Monday that it plans to increase ethylene output capacity in South Korea to meet growing demand. Lotte Chemical plans to jack up the annual output capacity of its plant in Yeosu by 200,000 tons -
LG Chem promotes former SNU professor to executive VP
- December 5, 2017
- Posted by: ssr
- Category: Chemical
LG Chem promotes former SNU professor to executive VP LG Chem promoted Lee Jin-kyu, a former Seoul National University professor, to an executive vice president in its latest reshuffle, crediting him with contributing to the tech firm’s capabilities of developing inorganic materials technologies. Lee Jin-kyu, a new research chairman at LG Chem (LG Chem) Lee’s -
SK Chemicals to adopt holding company structure
- November 30, 2017
- Posted by: ssr
- Category: Chemical
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 -
LG Chem aims to become global top five chemical firm
- November 27, 2017
- Posted by: ssr
- Category: Chemical
LG Chem aims to become global top five chemical firm LG Chem aims to join the ranks of the world's top-five chemical giants by 2025 with a focus on research and development to make its basic chemical and material businesses more advanced, the company said Thursday. Under the vision, the company raised its 2017 capital -
South Korea, Indonesia vow to boost economic, security ties
- November 21, 2017
- Posted by: ssr
- Category: Chemical
South Korea, Indonesia vow to boost economic, security ties By Kim Hyo-jin President Moon Jae-in and his Indonesian counterpart Joko Widodo agreed to strengthen bilateral economic and security cooperation in their summit, Cheong Wa Dae said Thursday. They released a "joint vision" statement following the summit, in which they agreed to elevate relations to a -
Dongwha buys Finnish tegofilm manufacturer
- November 9, 2017
- Posted by: ssr
- Category: Chemical
SK Chemicals’ shingles vaccine wins regulatory approval in Korea By Park Jae-hyuk Dongwha Enterprise has bought Kotkamills Imprex for 34.5 billion won ($30.5 million), becoming the world's second-largest tegofilm producer, the company said Friday. Kotkamills Imprex is a subsidiary of the Finnish-based wood products company, Kotkamills Oy. Tegofilm, or phenolic surface paper, is an adhesive -
KOGAS completes 10-year energy project
- September 6, 2017
- Posted by: ssr
- Category: Chemical
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 -
Office launched for Korea-Central Asia cooperation
- August 29, 2017
- Posted by: ssr
- Category: Chemical
Office launched for Korea-Central Asia cooperation South Korea and five Central Asian countries on Monday launched an office in Seoul to facilitate diplomatic, business and people-to-people cooperation through high-level dialogue, exchanges of working-level public officials and cultural festivals. The Korea-Central Asia Cooperation Forum Secretariat is the first joint permanent body between the countries and represents