MOSCOW (MRC) -- SK Advanced Co. Ltd., a joint venture of Advanced Petrochemical Co.'s Advanced Global Investment Co. (AGIC) subsidiary and SK Gas, has achieved mechanical completion of a new propane dehydrogenation (PDH) unit in Ulsan, South Korea, as per GV.
The unit, completed one month ahead of schedule, has the capacity to produce 600,000 t/y of propylene using Lummus Technology's Catofin dehydrogenation process.
The project, earlier estimated to cost USD1-billion, is expected to start trial production in the first quarter of 2016. Commercial operations are also scheduled in 2016.
SK Gas holds a 65% interest in the new joint venture while AGIC holds the remaining 35%.
As MRC wrote before, Saudi Arabia's Advanced Petrochemical Company had raised the production capacity of its polypropylene plant in Jubail to more than 500,000 mtpa, from the current 450,000 mtpa, by mid-2105.
SK Advanced Co. Ltd. manufactures propylene. The company is based in Ulsan, South Korea. SK Advanced Co. Ltd. operates as a subsidiary of SK Gas Co., Ltd.
MRC