# GS Caltex to invest $2.3 billion in olefins plant in Yeosu, South Korea

GS Caltex Corp. will invest 2.6 trillion won ($2.31 billion) by 2021 to build an olefins manufacturing plant at its Yeosu complex in South Korea. The plant will produce 700,000 tons of ethylene and 500,000 tons of polyethylene annually, creating about 500 permanent jobs.

- Type: Expansion
- Announced: 2018-08-10
- Where: Yeosu, South Jeolla, South Korea
- Value: $2.31B (2600.0B KRW)
- Jobs: 500
- Starts operating: 2021
- Status: announced
- Capacity: 700,000 tons of ethylene and 500,000 tons of polyethylene per year
- Products: olefins, 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

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/8430374), 2018-08-10: "South Korea’s second-largest oil refiner GS Caltex Corp. will invest 2.6 trillion won ($2.31 billion) by 2021 to add an olefins plant at its manufacturing base in the southern coastal city of Yeosu"

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