• 4 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes IT IS FINISHED. OPEC Victorious
  • 16 minutes GOODBYE FOREIGN OIL DEPENDENCE!!
  • 2 hours Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 9 mins End of EV Subsidies?
  • 2 hours Maersk's COO statment.
  • 1 day The Great Climate Change Swindle
  • 5 hours Price Decline in Chinese Solar Panels
  • 4 hours China Builds LNG Icebreaker
  • 4 hours Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 2 hours Venezuela continues to sink in misery
  • 4 hours OPEC Cuts Deep to Save Cartel
  • 6 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 2 days More OPEC Members May Leave
  • 1 day Exxon buys green power.
  • 2 days S. Australia showing the way
Oil Jumps On Trump-Xi Trade Truce

Oil Jumps On Trump-Xi Trade Truce

Oil prices jumped on Monday…

The Race Is On For Philippines’ First LNG Terminal

The Race Is On For Philippines’ First LNG Terminal

The Philippines has struggled to…

SK Global Chemical Co. Building Petrochemical Plant in Singapore

South Korean chemicals maker SK Global Chemical Co. is to begin construction of a $2.4 billion petrochemical plant on Singapore's Jurong Island.

The new facility is intended to serve as SK Global Chemical Co.’s production base in Southeast Asia as well as China’s booming market for refined petrochemical products.

SK Global Chemical said that the new petrochemical plant will produce 4 million tons of petrochemicals per year, with 2.6 million tons of output consisting of refined oil products including civilian Jet A-1 aircraft jet fuel and liquefied petroleum gas, with the remaining production of 1.4 million tons including chemicals such as paraxylene and benzene, South Korea’s Yonhap news agency reported.

The facility is schedule to come online in late 2014, according to SK Global Chemical.

SK Global Chemical partnered with SK Gas and SK Engineering and Construction Co. to establish the joint venture to construct the Jurong Island facility and holds a 30 percent share in Jurong Aromatics Corp. Pte. (JAC), overseeing the project.

SK Engineering and Construction Co. also signed a $950 million contract with JAC to build the Jurong Island complex as well as agreeing with JAC to transfer the relevant technology to operate the facility.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
-->