Satellite Petrochemical and SKGC to build $163M EAA plant in Lianyungang

Satellite Petrochemical's subsidiary Sandre and SK Global Chemical (China) signed a memorandum to form a joint venture in Xuwei New District, Lianyungang, to build and operate a 40,000-ton/year ethylene acrylic acid copolymer plant with a total investment of about $163 million. SKGC will hold 60% and Sandre 40%.

“Sandre and SKGC or its affiliates jointly invested in a joint venture company in Xuwei New District, Lianyungang City, Jiangsu Province, to build and operate ethylene acrylic acid copolymer device project.”echemi.com

• 1 source
• echemi.comSatellite petrochemical subsidiary plans to construct and operate EAA device project with SKGCMar 12, 2021

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