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South Korean chemicals maker SK Global Chemical broke ground for a petrochemical plant in Singapore

August 29/2011

(Yonhap) -- South Korean chemicals maker SK Global Chemical Co. said Friday that it broke ground for a petrochemical plant in Singapore that will serve as the company's production base in the Asian region.


Jurong Aromatics Corp. Pte. (JAC), a joint venture of SK Group's affiliates and other global firms, will funnel US$2.4 billion into the plant to be built in a petrochemical complex on Singapore's Jurong Island.


The plant will have an annual production capacity of 4 million tons of petrochemicals -- 2.6 million tons of refined oil products such as jet fuel and liquefied petroleum gas and 1.4 million tons of chemicals such as paraxylene and benzene, SK Global Chemical said.


The plant will begin operations in the third half of 2014, the company said.

  
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