Petrochemicals
Petrochemicals
SK, SABIC to invest $150 mn to boost Korean capacity
Aug 23, 2022 (Gmt+09:00)
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Petrochemicals
LG Chem, ADM to build two bioplastics plants in Illinois
LG Chem Ltd., South Korea’s largest chemicals maker, said on Tuesday it has signed an agreement with Archer Daniels Midland Co. (ADM), a global...
Aug 16, 2022 (Gmt+09:00)
2 Min read -
Petrochemicals
SK Geo Centric to build high value-added material plant in China
South Korea’s major petrochemical company SK Geo Centric Co. is set to build an ethylene acrylic acid (EAA) plant in China with a local partner...
Aug 09, 2022 (Gmt+09:00)
1 Min read -
Petrochemicals
DL Chemical’s Cariflex to build $384 million latex plant in Singapore
South Korea’s DL Chemical Co., a unit of the petrochemical-to-construction conglomerate DL Group, said on Thursday it is spending 500 billion w...
Jul 28, 2022 (Gmt+09:00)
1 Min read -
Petrochemicals
Lotte seeks to sell Pakistan arm for over 10 times return
South Korea’s Lotte Chemical Corp. has decided to put its entire stake in Pakistan-based LCPL up for sale, which may sell for up to 210 billion...
Jun 21, 2022 (Gmt+09:00)
2 Min readlanguage -
Supply chain
Korean truck drivers end strike as govt agrees to extend wage guarantee
South Korea’s unionized truck drivers have decided to end their eight-day strike after the government agreed to extend minimum wage guarantees,...
Jun 15, 2022 (Gmt+09:00)
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Supply chain
Chemical makers to halt plants as truck driver strike deepens
South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day o...
Jun 14, 2022 (Gmt+09:00)
3 Min read -
Supply chain
Industrial losses balloon as Korean trucker strike enters 7th day
South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its seventh day on Monday, disruptin...
Jun 13, 2022 (Gmt+09:00)
3 Min readlanguage -
Mergers & Acquisitions
SKC to sell plastic film business to Hahn & Co. for $1.3 billion
SKC Ltd., the chemical materials unit of South Korea’s SK Group, is selling its plastic film business to private equity firm Hahn & Co. for...
Jun 02, 2022 (Gmt+09:00)
3 Min readlanguage -
Petrochemicals
Lotte Chemical raises stake in Fine Chemical amid merger talk
South Korea’s Lotte Chemical Corp. has raised its stake in affiliate Lotte Fine Chemical Co. amid speculation that the two companies may merge ...
May 15, 2022 (Gmt+09:00)
1 Min read -
Petrochemicals
Korea petchem shares shine on China hopes, valuations
South Korean petrochemical companies’ stocks rose as investors bought them at a bargain on expectations for Chinese demand recovery despite ris...
Feb 21, 2022 (Gmt+09:00)
2 Min read -
Petrochemicals
Korea’s YNCC shuts petrochem plant after explosion kills four
YEOSU, South Jeolla Province -- Yeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, shut down one of its plants on Friday after...
Feb 11, 2022 (Gmt+09:00)
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Petrochemicals
Samsung hires ex-US Amb. Lippert as PR chief for N.American business
WASHINGTON D.C. – Samsung Electronics Co. has hired Mark Lippert, former US ambassador to South Korea, as an executive in charge of corporate a...
Feb 10, 2022 (Gmt+09:00)
3 Min readlanguage -
Petrochemicals
Samsung Eng. enters Russia with €1 bn petchem plant deal
South Korea’s Samsung Engineering made inroads into Russia’s plant engineering and construction market with a 1 billion euro ($1.1 billio...
Feb 09, 2022 (Gmt+09:00)
1 Min read -
Petrochemicals
Lotte agrees with Indonesia to resume $3.9 bn petchem project
South Korea’s Lotte Group agreed with the Indonesian government to resume a $3.9 billion petrochemical project in the Southeast Asian country, ...
Jan 07, 2022 (Gmt+09:00)
2 Min read -
Petrochemicals
DL Chem raises $1.8 bn for US leveraged buyout
DL Chemical Co. became the first South Korean company to acquire a US-listed company in a leveraged buyout. The Korean petrochemical company said on ...
Dec 21, 2021 (Gmt+09:00)
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Petrochemicals
Contrarian leader's bets drive Kumho Petrochem's record profits
At the end of last year, executives of Kumho Petrochemical Co. were in a heated debate on whether or not to expand the capacity of nitrile butadiene ...
Dec 16, 2021 (Gmt+09:00)
2 Min read -
Petrochemicals
Samsung, Hyundai race for $4 bn Indonesia petchem project
South Korean builders Samsung Engineering and Hyundai Engineering Co. are in a tight race to win a $4 billion petrochemical project in Indonesia.Sams...
Dec 15, 2021 (Gmt+09:00)
1 Min readlanguage -
Mergers & Acquisitions
Lotte Chemical seeks to acquire Japanese specialty chemical firms
Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand its...
Nov 22, 2021 (Gmt+09:00)
3 Min readlanguage -
Petrochemicals
LG Chem to build technical support centers in EU, US
LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it wil...
Oct 11, 2021 (Gmt+09:00)
2 Min read -
Petrochemicals
SK becomes first Korean oil producer from plastic waste
SK Group has become South Korea's first company to extract oil from plastic waste and use the eco-friendly oil as a feedstock of oil refining and pet...
Oct 01, 2021 (Gmt+09:00)
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Petrochemicals
Coal price surge puts S.Korean petrochemical firms ahead of Chinese rivals
Rising coal prices in China will likely benefit South Korean petrochemical companies such as Lotte Fine Chemical and Hanwha Solutions, by strengtheni...
Sep 13, 2021 (Gmt+09:00)
2 Min readlanguage -
Petrochemicals
DL Chem to spend $2 bn on petrochemical expansion
DL Chemical Co., the petrochemical arm of South Korea's DL Group, will spend 2 trillion won ($1.7 billion) over the next five years to sharply boost ...
Sep 12, 2021 (Gmt+09:00)
3 Min readlanguage -
Petrochemicals
SK holds off indefinitely on petrochem unit stake sale
South Korea's SK Innovation Co. has put on hold indefinitely its plan to sell up to a 49% stake in SK Geocentric Co., formerly known as SK Global Che...
Sep 08, 2021 (Gmt+09:00)
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Earnings
Korean refiners log $3.4 bn profit on non-refining business
South Korean refiners enjoyed a $3.4 billion profit in the first half thanks to strong performance of non-refining business, swinging from a $4.5 bil...
Aug 09, 2021 (Gmt+09:00)
3 Min read -
Petrochemicals
Lotte to resume $4.4 bn Indonesia petrochemical project next year
Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where dem...
Aug 01, 2021 (Gmt+09:00)
2 Min readlanguage -
Petrochemicals
Lotte Chemical to double LPG use as petchem makers diversify feedstock
South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry rus...
Jul 06, 2021 (Gmt+09:00)
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Petrochemicals
Hanwha Total becomes S.Korea’s largest polypropylene maker
Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the largest...
May 06, 2021 (Gmt+09:00)
1 Min read -
Petrochemicals
S.Korean chem firms look to specialty chemicals to drive growth
South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company p...
Jan 17, 2021 (Gmt+09:00)
4 Min readlanguage -
Petrochemicals
Global petrochem supply glut divides Korea’s winners, losers
The global petrochemical market is grappling with oversupply amid weak demand in the pandemic era, creating a clear divide between winners and losers ...
Nov 09, 2020 (Gmt+09:00)
3 Min read
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