# SK Geo Centric and SABIC JV to invest $149M to boost POE production in Ulsan

SABIC SK Nexlene Company (SSNC), a joint venture between SK Geo Centric and SABIC, will invest about 200 billion won ($149 million) to build a new production line by July 2024 at its Ulsan plant, increasing annual ethylene co-polymer capacity from 210,000 tons to 300,000 tons.

- Type: Expansion
- Announced: 2022-08-23
- Where: Ulsan, South Korea
- Value: $149.0M (200.0B KRW)
- Starts operating: Jul 2024
- Status: announced
- Capacity: 300,000 tons per year of ethylene co-polymers
- Products: polyolefin elastomers (POE), polyolefin plastomers (POP), metallocene linear low-density polyethylene (MLLDPE)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [SK Geo Centric](https://endata.com/companies/59265.md)
- [SABIC SK Nexlene Company](https://endata.com/companies/64871.md)
- [Nexlene Korea](https://endata.com/companies/64872.md)
- [SABIC](https://endata.com/companies/3200.md) (partner)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20220823113238564), 2022-08-23: "We are pleased that investment in expansion has begun to lead the global supply of high-value-added products."

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