SHOWA SHELL SEKIYU KK 
By Plans to complete the world's largest PX Plant at a single site by the end of 2014
Showa Shell Sekiyu K. K. (Chairman, Representative Director,
Shigeya Kato), GS Caltex (Chairman & CEO, Dong-Soo Hur) and
Taiyo Oil (President, Yutaka Oka) signed an MOU for new PX
(Paraxylene) project at GS Caltex head office in Seoul,
Korea.
In the MOU, the three companies agreed to cooperate in
materializing the new PX project for capacity increase of an
annual production from 1.35 million ton per year to 2.35
million ton per year at the GS Caltex Yeosu Complex in
Korea.
By completion of this capacity increase, this plant becomes
the world's largest plant at a single site.
PX is a basic raw material of polyester, which is used to
make fibers and pet bottles. The demand of PX is expected to
further rise in Asia, especially in China and India.
Through the cooperation amongst the three companies, the
competitiveness of the PX business from feed sourcing and
production to marketing will be increased.
1. Signing Day of MOU:April 10th, 20122. Venue of
Signing:Head Office, GS Caltex3. Signatory:
| ||||||||||||
Media Contacts (Showa Shell Sekiyu K.K, Public Affairs Division)
Satoshi Yoshida
Tel : +81-3-5531-5793
|
distributed by
|
