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MOSCOW (MRC) -- SK ie technology, a
producer of lithium-ion (Li-ion) battery capacitors and an affiliate of SK
Innovation, will built an additional Li-ion separators production line in
Poland, said Chemweek.
The
new facility is scheduled for mass production in the first quarter of 2023. The
company is currently building a production facility in Poland with the aim of
mass production in the third quarter of 2021.
Currently it produces 360
million square meters of Li-ion separators at Jeungpyeong, South Korea, and the
completion of plants in China and Poland will increase SK Innovation's
production capacity to 1.2 billion square meters/year.
Earlier this year
in September, SK Innovation decided to sign a deal with a private equity fund
for a pre–initial public offering (IPO) of SK ie technology. SK ie technology
will issue 6.27 million new shares or 10% of its total shares and sell the stake
to the local private equity firm for 300 billion South Korean won (USD258
million). The deal would reduce SK Innovation's stake in its subsidiary to
90%.
SK Innovation in April 2019 spun off its material business to launch
SK ie technology.
As MRC informed earlier,
SK Global Chemical (SKGC), one of the largest producers of petrochemical
products in South Korea, plans to permanently close cracking unit No. 1 in Ulsan
(Ulsan, South Korea) on December 8 this year.
According to a letter from the
company to its customers, production at this 190,000 tonnes of ethylene and
135,000 tonnes of propylene per year will be halted due to unfavorable market
conditions. However, SKGC will continue to supply ethylene to its domestic
customers from other crackers.
Ethylene and propylene are feedstocks for
producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report,
Russia's overall PE production totalled 1,712,400 tonnes in the first seven
months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE)
accounted for the greatest increase in the output. At the same time, overall PP
production in Russia increased in January-July 2020 by 24% year on year to
1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the
output.
SK Global Chemical is a division of SK Group, Korea's first
refinery with over 50 years of experience. SK Group has over 70 thousand
employees working in 113 offices around the world. Its largest enterprises
produce mainly petrochemical products. |
