# POSCO Chemical and OCI begin construction of pitch plant in South Chungcheong

POSCO Chemical and OCI began construction of a joint venture plant in South Chungcheong Province, South Korea, to produce 15,000 tons per year of pitch, a battery anode coating material. The 96.3 billion won ($69.2 million) facility is expected to be completed by 2023.

- Type: New facility
- Announced: 2022-09-21
- Where: South Chungcheong Province, South Korea
- Value: $69.2M (96.3B KRW)
- Starts operating: 2023
- Status: under construction
- Capacity: 15,000 tons per year
- Products: pitch for battery anodes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [POSCO Chemical](https://endata.com/companies/44695.md)
- [OCI Co.](https://endata.com/companies/29854.md) (partner)

## Sources

- [koreatimes.co.kr](https://www.koreatimes.co.kr/business/banking-finance/20220921/posco-chemical-oci-begin-construction-of-joint-factory-for-battery-coating-material), 2022-09-21: "POSCO Chemical, a Korean producer of advanced materials, said Wednesday the construction began for a domestic plant to produce a key coating material used in secondary batteries under a joint venture with chemical company OCI."

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