South Korea's Refining/petrochemical Capacity Expansion Push Continues To Gather Momentum

Yukong Ltd.'s refinery at Ulsan, South Korea, is one of the world's largest, with distillation capacity of 610,000 b/d following several expansions this decade. More such expansions are on tap as part of a building boom in South Korea's downstream sector. Photo courtesy of Yukong and Korea Petroleum Association. South Korea's Petrochemical Expansions The last 2 decades have seen South Korea undergo massive and profound changes as it has transformed itself from an economic backwater into one of the region's "tigers." With this transformation has come a huge expansion in both the demand and capacity of its refined products and petrochemic...

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