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Kuwait’s PIC to acquire 25% stake in South Korea's SK Gas

by ChemOrbis Editorial Team -
  • 19/01/2016 (11:48)
According to media reports, Kuwait’s Petrochemical Industries (PIC) has signed an agreement to acquire a 25% stake in South Korea’s SK Gas. Under the new deal, PIC will invest $100 million in SK Gas’ new PDH project in South Korea, which will be able to produce 600,000 tons/year of propylene.

The project is expected to begin trial production in the first quarter of this year while commercial production is slated to begin in March.
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