Taekwang Industrial and LG Chem form acrylonitrile joint venture TL Chemical

Taekwang Industrial and LG Chem will set up a joint venture named TL Chemical in Ulsan, South Korea, to produce acrylonitrile. The plant will have an annual capacity of 260,000 tons, with commercial production starting in 2024. Taekwang Industrial will own 60% and LG Chem 40%.

“Through this joint venture, we can share risks from large-scale investments, enhance the competitiveness of core businesses, and expand market dominance.”ajupress.com

• 1 source
• ajupress.comTaekwang Industrial sets up acrylonitrile joint venture with LG Chem | Aju PressLim Chang-wonJun 2, 2021

Summarized from public sources; check the original articles before acting on it.