South Korean conglomerate SK Gas has launched a three-way joint venture firm called SK Advanced with Saudi and Kuwaiti state firms. SK Gas, Saudi Arabia’s Advanced Petrochemical Company(APC) and Kuwait’s Petrochemical Industries Company(PIC) jointly held a launching ceremony on Monday for a factory in Ulsan that will produce propylene through a process known as propane dehydrogenation. The factory, run by SK Advanced, aims to produce about 600-thousand tons of propylene. About 75 percent, or about 450-thousand of the production will be exported to China. SK Gas invested about one trillion won, or about 844 million U.S. dollars, in the factory. It convinced APC and PIC to invest a combined 220 million dollars in the project in order to create a stable flow of raw materials needed to produce the chemical, among other objectives.
Economy/News/News/KBS World Radio
韓国コングロマリットSK GasはSK Advancedと呼ばれるジョイントベンチャーをサウジ、クエートともに設立した。
SK Gas, Saudi Arabia’s Advanced Petrochemical Company(APC) and Kuwait’s Petrochemical Industries Company(PIC)の3社はウルサンに設立した会社で、プロパン脱水素化によりプロピレンを生産する。
SK Advancedは60万トンのプロピレンを生産し、凡そ75%の45万トンを中国へ出荷する予定。
SK Gasは8億4400万ドルを投資した内、2億2,200万ドルをAPCとPICへ出資を求めた。