SK Innovation resumes PX operations after large-scale maintenance

According to media reports, South Korea’s SK Innovation Co. announced that it is ready to resume operations in its petroleum and chemical facilities, Ulsan Complex and SK Incheon Petrochem Co., after its largest maintenance in history is completed.

The company reportedly said that its petroleum and chemical facilities will operate at full rates and the production in some facilities will also increase with the recent upgrades made during the maintenance process. Accordingly, the company will be able to refine 1.12 million barrels/day of crude oil and produce 2.8 million tons/year of paraxylene. These amounts will be the largest the company will achieve since it was founded, reports indicated.

The company was making investment plans since 2013 to boost their presence in Chinese PX market and to expand its business in Asia.