Korea's Hyundai Oilbank and Japan's Cosmo Oil in Joint Venture to Build $600 Million Benzene, Toluene and Xylene Plant in South Korea

BANGALORE, INDIA--December 1, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--South Korea's smallest oil refining company, Hyundai Oilbank Company Limited (Seoul) and Japan's fourth-largest refining company Cosmo Oil Company Limited (TYO:5007) (Tokyo) have announced an equal partnership joint venture to develop a benzene, toluene and xylene (BTX) plant in South Korea.

Other companies featured: Korea Electric Power Corporation (NYSE:KEP), Hanwha Corporation (SEO:000880)