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SK global chemical will form a joint venture with Satellite Petrochemical to build a 40,000-ton-per-year ethylene acrylic acid plant in Lianyungang, China, with a total investment of 200 billion won ($175 million).
LyondellBasell granted a license for its Hostalen ACP technology to Lianyungang Petrochemical Co., Ltd (a Zhejiang Satellite company) for a 400 KT per year HDPE plant to be built in Lianyungang, Jiangsu, China.