# Satellite Chemical and SK Zhixin to build Asia's first EAA unit in Lianyungang

Satellite Chemical and SK Zhixin (a wholly owned enterprise of SK Group) formed a joint venture, Sino-Korean Kerui New Materials (Jiangsu) Co., Ltd., to build Asia's first EAA (ethylene-acrylic polymer) unit in Lianyungang, China. The project has a total investment of about 1.64 billion yuan, a production scale of 40,000 tons/year, and is planned to start piling in June 2023 and put into production in 2025.

- Type: New facility
- Announced: 2023-03-27
- Where: Lianyungang, Jiangsu, China, China
- Value: $238.0M (1.64B CNY)
- Starts operating: 2025
- Status: announced
- Capacity: 40,000 tons/year
- Products: EAA (ethylene-acrylic polymer)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SK디앤디](https://endata.com/companies/20456.md) (partner)
- [Satellite Chemical Co., Ltd.](https://endata.com/companies/63127.md) (partner)
- [SK Zhixin](https://endata.com/companies/69341.md) (partner)

## Sources

- [echemi.com](https://www.echemi.com/cms/1302438.html), 2023-03-27: "The project is the first installation in Asia, with a total investment of about 1.64 billion yuan, covers an area of about 108 mu and a production scale of 40,000 tons/year."

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