Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



SK Energy to invest $1.4bn on paraxylene plant at Incheon refining complex

04.30.2012  | 

SK Energy will build a paraxylene plant with a capacity of 1.3 million tons a year and will build a condensate splitter and a reformer, SK Innovation said in a statement. Commercial production is slated to begin in the second half of 2014, and SK Energy will target sales to the growing Chinese market.

Keywords:

By MIN-JEONG LEE

SEOUL -- SK Innovation Co. said Monday that its refining unit SK Energy will invest KRW1.6 trillion ($1.41 billion) to transform the Incheon complex into an aromatics-focused refinery to boost product competitiveness and profitability.

SK Energy will build a paraxylene plant with a capacity of 1.3 million tpy and will build a condensate splitter and a reformer, SK Innovation said in a statement.

Commercial production is slated to begin in the second half of 2014, and SK Energy will target sales to the growing Chinese market, SK Innovation said.

SK Energy, which is fully owned by SK Innovation, has a total refining capacity of 1,115,000 bpd, including 275,000 bpd from its Incheon complex, an SK Innovation company spokesman said.


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT



Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


69%

31%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.