Petrochemicals
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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)
1 Min read -
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)
2 Min read -
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)
2 Min read -
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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