GS Engineering and Construction Corp win contract for expansion of KPIC's naphtha cracker

23-Jul-15

South Korea’s GS Engineering and Construction Corp has signed a contract to expand a Korea Petrochemical Industry Co (KPIC) naphtha cracking plant for 311 billion Korean won (US$270 million), as per energyvoice.com. The project will help KPIC expand its ethylene production capacity to 800,000 tpa from 490,000 tpa, along with its raising benzene, toluene and xylene production capacity to 300,000 tpa from 220,000 tpa A spokesman for KPIC said the completion of the expansion is scheduled for May 2017, with commercial operation set for H2-2017. The plant is located at Onsan in the city of Ulsan, about 315 kilometres southeast of Seoul