Home / Knowledge / News / Textiles / Korea Petrochemical enters EO & EG business in Ulsan
Korea Petrochemical enters EO & EG business in Ulsan
22
Nov '12
Korea Petrochemical Ind. Co. Ltd decided to diversify its business portfolio by entering Purified-EO and EG business which has never been produced in Ulsan.

The plan of this project is to invest 200,000,000,000 korean Won to build a plant which can produce 40,000 tons of EO and 150,000 tons of EG per year by 2014.

Ethylene oxide is important or critical to the production of detergents, thickeners, solvents, plastics, and various organic chemicals such as ethylene glycol, ethanolamines, simple and complex glycols, polyglycol ethers and other compounds.

Ethylene Glycol is an organic compound widely used as an automotive antifreeze and a precursor to polyester fiber and PET.

EO/EG are produced by three major companies in korea, Honam petrochemical, LG chemical and Samsung Total. The capacity of EG is 1.36 million tons per year and there is no EO/EG plant in Ulsan petrochemical complex. Domestic demand of EG in the year 2011 was 1.21 milion tons.

Hereafter as for global EO/EG market, EO derivative supply would be tight due to high growth of demand in Asia including China.

Korea Petrochemical Ind. Co. Ltd expects the new facilities to jack up sales by about 270 billion won each year.

Korea Petrochemical Ind. Co. Ltd

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

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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