Home / Knowledge / News / Textiles / New propylene production facility opens in Korea
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

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search