29 April 2008 08:01 [Source: ICIS news]
SINGAPORE (ICIS news)--SK Energy plans to invest won (W)1,520bn ($1.53 bn) to build a new hydrocracking centre (HCC) in Incheon, South Korea by 2011, the company said in a statement on Tuesday.
The new HCC would include a 70,000 bbls/day vacuum distillation unit (VDU), a 40,000 bbls/day hydrocracker (HCK) and a 40,000 bbls/day visbreaker (VBU).
Around W97.1bn of the total investment would be used during the start up of the project in June 2008.
SK Energy has two other refineries in Ulsan and Incheon with a total refining capacity of 1.1m bbls/day.
($1 = W996.39)
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