South Korea Latest Chemical Industry News & Trends-SKYSEVEN CHEMICAL

LG Chem will launch bio-acrylic acid derived from vegetable oil, leading the green material revolution

LG Chemical plans to launch commercial production of bio-acrylic acid from vegetable oil in the second quarter. The technology is environmentally friendly and widely used, with an initial production capacity of 100 tons/year. The cosmetics industry is expected to become a key market.

2025-03-10 17:59:46

Low South Korea tariffs on U.S. crude oil imports help U.S. oil to flourish in Korean market

South Korea tariffs on U.S. crude oil imports are close to zero, thanks to the South Korea-US free trade agreement. South Korea major refineries have benefited significantly, with lower import costs. South Korea imports of U.S. crude oil increased significantly in 2024, and the market prospects are broad.

2025-03-06 17:23:53

SK Chemicals to create a new benchmark for South Korea plastic recycling

SK Chemicals set up a recycling innovation center at its plant in Ulsan, South Korea, which aims to transform the industry by promoting plastic recycling through chemical recycling technology.

2025-03-04 14:16:39

South Korea to impose anti-dumping duties on Chinese PET resin for five years

The South Korea Trade Commission proposed to impose a five-year anti-dumping duty on Chinese PET resin, which has previously imposed a temporary duty to protect the country's related industries.

2025-01-24 16:41:36

South Korea chemical giant plus aramid investment, aiming at 5G and electric vehicle market new blue sea

South Korea chemical enterprises to accelerate investment in aramid production, aiming at 5G and electric vehicle market, promote the process of localization, capacity expansion competition.

2025-01-03 14:03:31

South Korea intends to impose anti-dumping duties on PET resins originating in China

South Korea's Trade Commission proposes 7-7.98% anti-dumping duties on Chinese PET resin for 5 years, affecting 4 Chinese firms, amid broader anti-dumping investigations on steel and films, prompting Chinese firms to adopt countermeasures.

2024-10-24 11:28:44

Analysis of the impact of Sinopec's production increase on the South Korea petrochemical industry

China's planned petrochemical expansion worries global oversupply, impacting ethylene & PE production, hitting South Korea exports as China nears self-sufficiency.

2024-10-24 11:28:44