# GS Caltex to build olefin factory in Yeosu, South Korea

GS Caltex is investing close to 2 trillion won ($1.8 billion) to build an olefin factory in Yeosu, South Jeolla. The facility will produce 700,000 tons of ethylene and 500,000 tons of polyethylene per year. Construction is scheduled to begin in 2019 with operations starting in 2022.

- Type: New facility
- Announced: 2018-02-07
- Where: Yeosu, South Jeolla, South Korea, South Korea
- Value: $1.80B (2000.0B KRW)
- Starts operating: 2022
- Status: announced
- Capacity: 700,000 tons of ethylene and 500,000 tons of polyethylene per year
- Products: ethylene, polyethylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [GS Caltex](https://endata.com/companies/5588.md)

## Sources

- [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/gs-caltex-to-build-olefin-factory/10240758), 2018-02-07: "The investment decision was made under the initiative of developing a balanced business portfolio by enforcing our olefin business, which has high growth potential and can result in manufacturing downstream products."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.