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Published on 04:59 GMT

Yeosu City Named Crisis Response Area Amid Petrochemical Slump

The Ministry of Trade, Industry and Energy has designated Yeosu City in South Jeolla Province as an industrial crisis preemptive response area. This decision was made in light of the prolonged downturn in the petrochemical industry, which is likely to …

Source: Business Korea - Neutral
Published on 04:59 GMT

Government Declares Economic Emergency in Yeosu, Pledges Support for Petrochemical Sector

Kumho P&B Chemicals’ Yeosu Plant No. 1 in Yeosu (Image provided by Kumho Petrochemical) SEJONG, May 1 (Korea Bizwire) — South Korea has designated the southwestern city of Yeosu as an “industrial crisis response area” to help the ailing regional …

Source: The Korea Bizwire - Center-right
Published on 03:35 GMT

Korea designates Yeosu as 'industrial crisis response area' to support petrochemical firms

Published: 01 May. 2025, 11:46 Finance Minister Choi Sang-mok speaks during a meeting at the Government Complex Seoul in central Seoul on May 1. [NEWS1] Korea has designated the southwestern city of Yeosu as an "industrial crisis response area" …

Source: Korea JoungAng Daily - Center-right
Published on Apr 30, 2025

US Tightens Maximum Pressure On Iran With New Sanctions Targeting Oil, Petrochemical Trade

In a move to intensify its “maximum pressure” campaign against Iran, the U.S. Department of State today announced new sanctions targeting seven entities involved in the illicit trade of Iranian oil and petrochemical products. Secretary of State Marco Rubio …

Source: The Free Press - Tampa - Florida - Neutral
Published on Apr 30, 2025

SK Incheon Petrochemical debuts B30 marine biofuel supply in South Korea

Energy and chemical company SK Incheon Petrochemical, a subsidiary of South Korea’s conglomerate SK Group, has launched the first domestic production and supply of B30 biofuel for the shipping sector. Courtesy of SK Incheon Petrochemical The company …

Source: Offshore Energy - Neutral
Published on Apr 30, 2025

Kuwait’s PIC to acquire 25% stake in Wanhua Chemical (Yantai) Petrochemical for $638 million

Source: Indian Chemical News - Pending
Published on Apr 29, 2025

Kuwait Petrochemical Industries acquires 25% in China's Wanhua Chemical

Source: AK&M - Pending
Published on Apr 29, 2025

MAIRE bags €900 million contract for petrochemical and green hydrogen facilities

Source: Indian Chemical News - Pending
Published on Apr 29, 2025

Danantara to include Lotte petrochemical project

ndonesia’s sovereign wealth fund Danantara will include a petrochemical project backed by South Korea’s LOTTE Group subsidiary LOTTE Chemical. That is according to Coordinating Economic Minister Airlangga Hartarto, who held a press conference on Monday …

Source: The Jakarta Post - Neutral
Published on Apr 28, 2025

LG Chem mulls selling water solutions unit amid prolonged petrochemical slump

Published: 28 Apr. 2025, 22:20 LG Chem logo [SCREEN CAPTURE] LG Chem is moving to sell its water solutions division, which produces reverse osmosis (RO) membrane filters used for industrial desalination, industry sources said Monday. According to the …

Source: Korea JoungAng Daily - Center-right