# SK global chemical to build EAA packaging material plant in China

SK global chemical will form a joint venture with Satellite Petrochemical to build a 40,000-ton-per-year ethylene acrylic acid plant in Lianyungang, China, with a total investment of 200 billion won ($175 million).

- Type: New facility
- Announced: 2021-03-14
- Where: Lianyungang, Jiangsu Province, China
- Value: $175.0M (200.0B KRW)
- Status: announced
- Capacity: 40,000 tons per year
- Products: ethylene acrylic acid (EAA)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SK Global Chemical Co.](https://endata.com/companies/21935.md)
- [Zhejiang Satellite](https://endata.com/companies/38129.md) (partner)
- [Satellite Petrochemical](https://endata.com/companies/53796.md) (partner)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20210314000800320), 2021-03-14: "The two sides will spend 200 billion won ($175 million) to build the plant, with SK global chemical holding 60 percent of the capital base."
- [koreaherald.com](https://www.koreaherald.com/article/2574836), 2021-03-14: "The two sides will spend 200 billion won ($175 million) to build the plant, with SK global chemical holding 60 percent of the capital base."
- [chemengonline.com](https://www.chemengonline.com/sk-global-chemical-to-build-a-production-base-for-ethylene-acrylic-acid-in-china/?printmode=1), 2021-03-15: "This move is aimed at preoccupying the Chinese and Asian markets through the strategic ties of SK Global Chemical’s EAA production technology and sales channels, and Zhejiang Satellite’s stable source of raw materials."

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