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.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE