Home / Knowledge / News / Textiles / GS Caltex Yeosu complex to be world's biggest PX facility
GS Caltex Yeosu complex to be world's biggest PX facility
10
Apr '12
Showa Shell Sekiyu K. K. (Chairman, Representative Director, Shigeya Kato), GS Caltex (Chairman & CEO, Dong-Soo Hur) and Taiyo Oil (President, Yutaka Oka) signed an MOU for new PX (Paraxylene) project at GS Caltex head office in Seoul, Korea.

In the MOU, the three companies agreed to cooperate in materializing the new PX project for capacity increase of an annual production from 1.35 million ton per year to 2.35 million ton per year at the GS Caltex Yeosu Complex in Korea. By completion of this capacity increase, this plant becomes the world's largest plant at a single site.

PX is a basic raw material of polyester, which is used to make fibers and pet bottles. The demand of PX is expected to further rise in Asia, especially in China and India.

Through the cooperation amongst the three companies, the competitiveness of the PX business from feed sourcing and production to marketing will be increased.

Showa Shell

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search