Korea/Saudi/Kuwait Petchem JV

The SK Advanced JV has begun commercial operation at its propane dehydrogenation (PDH) plant at Ulsan in South Korea with capacity to produce 600,000 tons/year of propylene. Three-quarters of output is slated for export to China. Korea’s SK Gas has 45% JV, Saudi firm Advanced 30% and Kuwaiti state petchems firm PIC 25%.

PIC bought in earlier this year for $100mn; parent firm KPC will supply a “significant percentage” of the plant’s 710,000 t/y propane feedstock (MEES, 22 January).

PIC has been expanding overseas. Last month it entered into a feasibility study for a world-scale combined PDH and polypropylene complex in Alberta, Canada. This would process 1.1mn t/y of locally produced propane to provide propylene feedstock for an 800,000 t/y polypropylene plant. (CONTINUED - 121 WORDS)