DATE : 2013-11-27
SK Global Chemical, through a strategic alliance with Mitsubishi Chemical, plans to build an acrylic acid plant at Ulsan, Korea by 2016. The plant will be designed to produce 160,000 m.t./year. SK is also considering construction of a superabsorbents polymers (SAP) plant using acrylic acid from the plant. The SAP market is showing a high demand growth in China, Southeast Asia and other developing countries, SK says. The development plan may also include other products within this business line. If the business plan is executed, SK Global Chemical will acquire the production capability of a fully integrated production chain of naphtha, propylene, acrylic acid and SAP. In addition, the company expects to penetrate the acrylic acid and acrylic esters markets in the short term through a strategic alliance with Mitsubishi Chemical.
In addition to these ongoing projects, SK Global Chemical has started constructing a new plant at Ulsan for Nexlene, a high-performance polyethylene, with completion planned for next year. The company is also partnering with local firms in China to commercialize ethylene propylene diene monomer, butanediol and other premium petrochemicals. In additon, commercialization of GreenPol, an eco-friendly material that utilizes carbon dioxide, is imminent. As petrochemical products from low cost feedstock or shale gas are entering the market, SK Global Chemical’s strategy is differentiating itself by adding high value-added products to its portfolio. SK Global Chemical‘s officials said, “Although we are seriously reviewing to expand the acrylic acid and other premium petrochemical line-up, it is difficult for us to reveal the details of the projects.”
SOURCE : Chemweek's Business Daily
SK Global Chemical, through a strategic alliance with Mitsubishi Chemical, plans to build an acrylic acid plant at Ulsan, Korea by 2016. The plant will be designed to produce 160,000 m.t./year. SK is also considering construction of a superabsorbents polymers (SAP) plant using acrylic acid from the plant. The SAP market is showing a high demand growth in China, Southeast Asia and other developing countries, SK says. The development plan may also include other products within this business line. If the business plan is executed, SK Global Chemical will acquire the production capability of a fully integrated production chain of naphtha, propylene, acrylic acid and SAP. In addition, the company expects to penetrate the acrylic acid and acrylic esters markets in the short term through a strategic alliance with Mitsubishi Chemical.
In addition to these ongoing projects, SK Global Chemical has started constructing a new plant at Ulsan for Nexlene, a high-performance polyethylene, with completion planned for next year. The company is also partnering with local firms in China to commercialize ethylene propylene diene monomer, butanediol and other premium petrochemicals. In additon, commercialization of GreenPol, an eco-friendly material that utilizes carbon dioxide, is imminent. As petrochemical products from low cost feedstock or shale gas are entering the market, SK Global Chemical’s strategy is differentiating itself by adding high value-added products to its portfolio. SK Global Chemical‘s officials said, “Although we are seriously reviewing to expand the acrylic acid and other premium petrochemical line-up, it is difficult for us to reveal the details of the projects.”
SOURCE : Chemweek's Business Daily