Sumitomo Chemical to license technologies to manufacture polypropylene, propylene oxide (PO) to S-OIL

01-Dec-15

Sumitomo Chemical has concluded an agreement with S-OIL Corp. of South Korea under which the company licenses its technologies of manufacturing polypropylene (PP) and propylene oxide (PO) to the oil refining company. S-OIL operates a refinery complex with 669 000 bpd of crude processing capacity in Ulsan, Korea, and mainly produces fuel, lube base oil and petrochemical products. In September this year, S-OIL made the final investment decision on its Residue Upgrading Complex and Olefin Downstream Complex Project to construct a 76 000 bpd high severity RFCC plant that upgrades low value residue oil to high value gasoline and propylene, and 405 000 tpa PP plant and 300 000 tpa PO plant that convert the propylene to the downstream products with target completion in 1H18