S Korea’s SKGC aims to start up Ulsan PX project by Q2 2014

13 March 2012 09:17  [Source: ICIS news]

SEOUL (ICIS)--South Korea’s SK Global Chemical (SKGC) is aiming to start up its 1m tonne/year paraxylene (PX) joint venture with Japan’s JX Nippon Oil & Energy by the second quarter of 2014, a source from SKGC said on Tuesday.

“Everything is going very smoothly and we expect to begin pre-marketing in 2013,” the source said.

The project was announced in August 2011 and is expected to cost won (W) 1,000bn ($889m).

The company will be using the Honeywell UOP Parex process for the plant, with the feedstocks – isomer-grade xylenes (IX), toluene and C9 aromatics – to be equally supplied by SKGC and JX Nippon Oil, the source said.

Both companies will have equal PX offtakes after commercial production starts, he added.

SKGC also has a stake in the Singapore-based Jurong Aromatics Corp (JAC) aromatics project and is expecting an offtake of around 200,000 tonnes/year of PX after the facility starts up in late 2014.

($1 = W1,124.86)

By: Bohan Loh
+65 6780 4359

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