South Korea Expects $8.3 Billion in Chemical Project Authorizations in 2022

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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking 432 capital and maintenance Chemical Processing Industry projects in South Korea, worth $8.3 billion, that are scheduled for authorization for expenditure (AFE) in 2022. These include grassroot projects worth $5 billion and unit additions worth more than $2 billion.

Among the largest of these projects is S-Oil Corporation's (Seoul) $4.1 billion grassroot ethylene plant in Ulju with a capacity of 3.3 billion pounds per year, and SK Holdings' (Seoul) liquid hydrogen unit addition in Nam-Gu.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Database can click here for a full list of detailed project reports.

Click on the image at right for a breakdown of chemical project authorizations in 2022 in South Korea, by the top five project types.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.