A paraxylene plant being built by SK Incheon Petrochem faces possible closure, resulting in damages upto US$1.5 bln. About 90% of PX plant construction has been completed.
SK Incheon Petrochem, which was spun off from SK Energy last May, is considering taking legal action against the Seo-gu Office of Incheon City to rescue its investment project, SK Innovation.
The Seo-gu Office plans to officially send a notice to halt the construction by mid-January. The office said the decision was based on findings that SK Incheon Petrochem had not properly attained the license for the project. SK Innovation, however, refuted the claim, saying that the company attained the license in a legitimate manner in 2006. Also, the project has faced strong objections from citizens living in Seo-gu, where the expanded PX plant will be located as reported by heraldcorp.com. As per another source, it was found that SK Incheon Petrochem had built the plant in excess of the area previously permitted with the city.
08-Jan-14 
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