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Argaam Tools ×
Nexlene Polyethylene Joint Venture
Overview
The joint venture will produce a range of high-performance polyethylene products using SK's Nexlene solution technology.
The project will operate a series of manufacturing plants, the first of which was completed by SK Global Chemical at its complex in Ulsan, South Korea, with an expected annual capacity of 230,000 tons.
The plants will produce metallocene linear low-density polyethylene (LLDPE), polyolefin plastomers and polyolefin elastomers. The output will serve diverse industries such as advanced packaging, automotive, healthcare, footwear and electrical & lighting.
Project Information
- Oil & Gas > Petrochemicals
- SABIC owns 50% of the project via its wholly subsidiary Sabic Industrial Investments Company (SIIC).
- The first plant was completed by SK Global Chemical at its complex in Ulsan, South Korea, with an annual production capacity of 230,000 metric tons. The second plant is expected to be constructed in the Kingdom.
- The study of preliminary engineering designs for the project, to increase the production of polyethylene, was completed by 2018-end, and are under assessment.
Owners
Related Parties
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Project Developments
Overview of key delayed projects, expansions of Saudi-listed firms in 2022Argaam Special03/01/2023
SABIC SK Nexlene in South Korea likely to start production before 2022-end: Al-BenyanArgaam19/01/2022
SABIC, SK Global Chemical to open polyethylene plant on Oct. 7Argaam05/10/2015
SABIC unit, Korea’s Global Chemical form polyethylene JV Argaam05/07/2015
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