이 누리집은 대한민국 공식 전자정부 누리집입니다.

한상넷

비즈니스 정보

Biz News Korea(Eng)

Daelim Industrial to partner with Thai’s PTTGC to set up petrochemical complex in Ohio

Collected: 2018.01.30

Distributed: 2018.01.31

Source: Go Direct

[Source: Daelim Industrial Co.]

Daelim Industrial Co., a South Korean construction and petrochemical company, will put up about $131 million to establish a petrochemical complex in Ohio, the United States, in partnership with Thailand’s largest petrochemical and refining firm PTT Global Chemical (PTTGC).

The company announced in a disclosure on Tuesday that it plans to sign an investment agreement with PTTGC’s U.S. subsidiary PTTGC America to construct and jointly operate an ethane cracking center (ECC) that discomposes ethane to produce ethylene and a polyethylene plant. It said it would invest up to 140 billion won ($130.7 million) in the joint project. Details of the plan including the size of investment and stake share will be worked out by the end of this year.

Ohio is home to shale gas reserves and rich in ethane. Its geographic proximity to the U.S. eastern region that takes up 70 percent of the country’s polyethylene market also could save logistics cost.

Once operation begins four to five years later, the complex will produce 1.5 million tons of ethylene and polyethylene a year.

As of 12:14 p.m. on Tuesday, shares of Daelim Industrial rose 1.84 percent to 82,900 won in Seoul trading.

By Choi Jae-won and Choi Mira

List

Previous: Korea’s OCI to install massive ESS in production site in cost-saving action

Next: Hyundai Mobis Ohio plant to halt for 1 yr to retool for new Jeep model