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New propylene production facility opens in Korea
26
May '16
A new propylene production facility has been inaugurated in the southern port city of Ulsan in South Korea, according to Korean media reports.
 
The propane dehydrogenation (PDH) facility for producing propylene, a basic raw material to make synthetic fibres, has been constructed by SK Advanced, a joint venture of SK Gas, Saudi Arabia's Advanced Petrochemical Company (APCO) and Kuwait's Petrochemical Industries Company (PIC), a subsidiary of Kuwait Petroleum Corporation (KPC).
 
The new facility is built on 96,000 square metres of area near Ulsan New Port with an investment of $840.48 million. The LPG based facility has capacity to produce 600,000 tons of propylene annually.
 
At the inauguration ceremony, Kuwaiti ambassador to South Korea Jassim Al-Bedaiwi hailed PIC for being the first Kuwaiti company to directly invest in the Korean republic. He hoped that this investment would pave way for more Kuwaiti companies to engage in big and profitable projects.
 
Test operation at the PDH facility began in March and now normal operations have begun. The facility is ready to supply propylene to customers in Korea and other countries. (RKS)
 

Fibre2Fashion News Desk – India

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