# SK geo centric to invest 400 billion won in fourth EAA plant in China

SK geo centric signed an MOU with Satellite Chemical to build a fourth ethylene acrylic acid (EAA) plant in Lianyungang, China, with an investment of 400 billion won ($308.4 million). The plant will have an annual capacity of 50,000 tons and is expected to commence commercial production in 2028.

- Type: Investment
- Announced: 2023-03-24
- Where: Lianyungang, Jiangsu Province, China, China
- Value: $308.4M (400.0B KRW)
- Starts operating: 2028
- Status: announced
- Capacity: 50,000 tons per year
- Products: ethylene acrylic acid (EAA) bonding resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SK Geo Centric](https://endata.com/companies/59265.md)
- [Satellite Chemical Co., Ltd.](https://endata.com/companies/63127.md) (partner)

## Sources

- [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/sk-geo-centric-to-invest-400-billion-won-in-fourth-eaa-plant-in-china/11321585), 2023-03-24: "SK geo centric is investing 400 billion won ($308.4 million) to add a fourth plant that will produce high value-added chemical material ethylene acrylic acid (EAA) in China."

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