OCI Kicks off Solar Power Business in China

... percent, will be distributed power. By the first half of next year, OCI will complete the construction of a 350,000-ton coal tar refinery in Ma'anshan, Anhui Province, and an 80,000-ton carbon black production facility in Zaozhuang, Shandong Province, and start commercial...

The Korea Economic Daily | 2015.05.29 07:32

Wellcron Kangwon to Supply Sulfur Recovery Units to RAPID Malaysia Project

... services company. The latest contract involves supplying three sulfur recovery units worth 9.3 billion won to the Pengerang RAPID (Refinery and Petrochemical Integrated Development) project, one of the nine projects commissioned by Malaysia's state-run oil company Petronas ...

The Korea Economic Daily | 2015.04.28 12:40

Prez. Park Meets Colombian President...$3 Bil. E-commerce Market to Open up

...on contractors will be allowed to take part in. President Park asked Mr. Santos that Korean contractors be permitted to bid for refinery expansion projects estimated to be over $3 billion. They also discussed the issue of the free trade agreement the two countries ...

The Korea Economic Daily | 2015.04.19 23:58

8 Mega-deals Signed in Korean-Turkmen Summit Meeting

... governments of Turkmenistan and South Korea have signed eight memorandums including ones related to a gas-to-liquid plant, an oil refinery modernization project, and a steel mill construction project. The two leaders of the countries, Turkmen President Gurbanguly Ber...

The Korea Economic Daily | 2015.04.14 03:09

Hyundai Eng. and LG Int. Land $4.8 Bil. Energy Deal in Turkmenistan

The consortium of Hyundai Engineering and LG International Corp. succeeded in winning an oil and gas refinery project worth US$4.83 billion from Turkmenistan. It was largely thanks to the resource diplomacy effort of Korean President Park Geun-hye when ...

The Korea Economic Daily | 2015.04.10 07:53

Petrochem Producers Go Global in Droves to Cut Cost

... capacity of 2.5 million ton a year for polyethylene and polypropylene. In December last year, OCI broke the ground for coal tar refinery in Ma'anshan, Anhui Province. Its annual capacity is 350,000 tons and it is set to be operational by early next year. By getting coal ...

The Korea Economic Daily | 2015.03.23 14:37

Petrochem Industry Frets over Paraxylene Glut

... expansion game as the demand for synthetic fibers rapidly rose in China. For example, SK Innovation minimized its investment in oil refinery facilities while aggressively increasing investment in paraxylene capacities. The company, as well as its sister companies SK Global ...

The Korea Economic Daily | 2015.03.10 08:44

Welcron Signs 14.5 Bil. Won Deal with Fluor to Supply Sulfur Recovery Units

Welcron Kangwon said on March 5 that it signed a contract with Fluor Corp. a U.S. engineering and construction firm, to supply sulfur recovery units worth 14.5 billion won. The latest deal involves supplying three sulfur recovery units to the MAB2 (M...

The Korea Economic Daily | 2015.03.05 18:03

쿠웨이트 140억달러 초대형 정유공장 '수주 임박'

...건설 수주 유력…전체 70억∼90억 달러 수주 기대 쿠웨이트에서 조만간 또 한 번의 초대형 건설 공사 수주 소식이 날아올 전망이다. 총 140억 달러에 달하는 쿠웨이트 신규 정유공장 건설 프로젝트(New Refinery Project·NRP)의 주요 공사의 입찰에 국내 건설사들이 대거 참여를 준비중이기 때문이다. 이 사업은 박근혜 대통령의 중동 순방 효과로 국내 건설사의 수주 기대가 높아지고 있다. 5일 국토교통부와 해외건설협회, ...

연합뉴스 | 2015.03.05 07:26

Korean-Japanese Consortium Commences "Clean Fuels Project" in Kuwait

The three construction contractors, including GS Engineering & Construction, SK Engineering & Construction, and JGC Corp. of Japan, set to work on the Clean Fuels Project in Kuwait. The companies said on March 3 that they held a groundbreakin...

The Korea Economic Daily | 2015.03.04 23:42