09 April 2013 11:04 [Source: ICIS news]
SEOUL (ICIS)--South Korea’s GS Caltex is planning to complete the expansion project of its existing paraxylene unit (PX) in Ulsan by the end of 2014 or early 2015, a company source said on Tuesday.
The expansion project, which will include Japanese oil refiners Showa Shell Sekiyu and Taiyo Oil as partners, will expand GS Caltex’s existing 1.35m tonne/year PX unit by 1m tonnes/year, the source said.
The project is still in the “planning and processing” stage, the source said, adding that the company is also considering to build a condensate splitter at the site instead of expanding the existing PX unit’s capacity because of the oversupply of the material in the market.
PX is a raw material used for the manufacture of purified terephthalic acid (PTA), a key feedstock for polyester fibres.
With additional reporting by Samuel Wong and Ong Sheau Ling
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