DATE : 2013-11-05
SK Global Chemical Co., a chemical unit of SK Innovation Co., is considering building a new plant by 2016 in a strategic tie-up with Mitsubishi Chemical Co. of Japan, industry sources said Tuesday.
The plant to be built in Ulsan, 410 kilometers southeast of Seoul, will produce 160,000 tons of acrylic acid a year, which is used in paint, adhesive and addition agents, the sources said.
Among South Korean chemical companies, only LG Chem Ltd., the world's largest lithium-ion battery maker, can produce acrylic acid.
"It is true that we are aggressively mulling over the expansion of the petrochemical line-up, but it is difficult for us to reveal details of the projects," an official at SK Global Chemical said on condition of anonymity.
SOURCE Yonhap News
SK Global Chemical Co., a chemical unit of SK Innovation Co., is considering building a new plant by 2016 in a strategic tie-up with Mitsubishi Chemical Co. of Japan, industry sources said Tuesday.
The plant to be built in Ulsan, 410 kilometers southeast of Seoul, will produce 160,000 tons of acrylic acid a year, which is used in paint, adhesive and addition agents, the sources said.
Among South Korean chemical companies, only LG Chem Ltd., the world's largest lithium-ion battery maker, can produce acrylic acid.
"It is true that we are aggressively mulling over the expansion of the petrochemical line-up, but it is difficult for us to reveal details of the projects," an official at SK Global Chemical said on condition of anonymity.
SOURCE Yonhap News