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Showa Shell, Taiyo Oil, and GS Caltex to create worlds largest p-xylene plant

April 12/2012
(refinerynews) -- A three-way agreement was signed in Seoul for an expansion of para-xylene capacity at the Yeosu, Korea refining complex of GS Caltex (Seoul). The agreement was signed by Showa Shell Sekiyu (Tokyo), which operates Shells oil products business in Japan; Taiyo Oil (Tokyo); and GS Caltex, a joint venture of GS Holdings (Seoul) and Chevron.

P-xylene capacity at the Yeosu site will be increased by 1 million m.t./year through the cooperation of the three companies, to 2.35 million m.t./year. Completion of the expansion is expected by the end of 2014, and it will make the Yeosu facility the worlds largest p-xylene production plant at a single site, the companies say.

P-xylene is a basic feedstock for polyester, which is used to make fibers and polyethylene terephthalate bottles. The cooperation among the three refiners is expected to enhance the competitiveness of the p-xylene business, from feed sourcing and production to marketing. Demand for p-xylene is forecast to rise further in Asia, especially in China and India, the companies say.

Author:Anna Larionova
Tags:PET, paraksilol.
Category:General News
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