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SK Global Chemical to build a packaging plant in China
Photo by: SK Innovation/YouTube Monday, March 15, 2021 9:29 AM UTC
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SK Global Chemical revealed that it would be building a packaging material factory in China. The project was revealed by the company on Sunday, March 14.
As per Yonhap News Agency, SK Global Chemical, which is an affiliate of SK Innovations, will be teaming up with Satellite Petrochemical, a USA corporation that is a subsidiary of Zhejiang Satellite Petrochemical Co. Ltd, to construct the plant that will produce ethylene acrylic acid (EAA).
What SK Global is producing in the China plant
Malaysian company MISC’s
very large ethane carrier (VLEC) Seri Everest completed its maiden cargo discharge at Lianyungang port, Jiangsu province, China.
Courtesy of MISC
The vessel’s first cargo of more than 51,000 metric tonnes of ethane was discharged on 28 February 2021 at the ethylene plant.
Seri Everest’s loading and discharge were managed by Eaglestar Shipmanagement Gas.
The cargo was loaded from Orbit Terminal, Nederland, USA where
Seri Everest was the first very large ethane carrier to call on the new terminal. Related Article
Posted: 5 months ago
“We are pleased to add on another significant chapter at the start of 2021 with Seri Everest’s first loading which is a historic one indeed, given that this accomplishment marked the first cargo loading for the largest VLEC of its kind currently operating in the market,”
Yee Yang Chien, MISC’s President & Group Chief Executive Officer, commented.
“I believe this is the start to many achievements ahead in serving the market needs for ethane. The steady increase in trading volumes has allowed us to gain the first mover advantage as our vessels offer more cargo capacity to accommodate production growth.”
Malaysia’s MISC Berhad has taken delivery of the second of six VLECs it is building in South Korea under long-term time charter contracts with Zhejiang Satellit