Volume 89 Issue 33 | p. 16 | Concentrates
Issue Date: August 15, 2011

JX And SK Team Up For p-xylene Plant

Department: Business
Keywords: p-xylene, lubricants, South Korea

Japan’s JX Holdings and South Korea’s SK Innovation have formed a joint venture to build in Ulsan, South Korea, what they say will be the world’s largest p-xylene facility. Requiring an investment of $1 billion, the 1 million-metric-ton-per-year plant is scheduled to open in 2014. The companies say the facility’s large scale will provide it with a strong cost position in Asia at a time of rising demand for the polyester intermediate. The partners will also spend $365 million to set up a lubricating oil venture in Ulsan.

 
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ISSN 0009-2347
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