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SK Innovation to build additional Li-ion separators plant in Poland

November 02/2020

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 preinitial 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.
Author:Anna Larionova
Tags:PP, PE, ethylene, propylene, SK Corporation.
Category:General News
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