# 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%.

- Type: Partnership
- Announced: 2021-03-11
- Where: Xuwei New District, Lianyungang, Jiangsu Province, China
- Value: $163.0M
- Status: announced
- Capacity: 40,000 tons/year
- Products: ethylene acrylic acid copolymer (EAA)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SK Global Chemical Co.](https://endata.com/companies/21935.md) (partner)
- [Satellite Petrochemical](https://endata.com/companies/53796.md) (partner)

## Sources

- [echemi.com](https://www.echemi.com/cms/158532.html), 2021-03-12: "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."

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