GSCC Yeosu Olefins Production Plant Jeollanam-do | Construction Project Profile

Synopsis

"GSCC Yeosu Olefins Production Plant Jeollanam-do - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

Summary

GS Caltex Corp (GSCC), a joint venture between GS Energy Corp and Chevron Corp, is planning to build an olefins production plant in Yeosu, Jeollanam-do, South Korea.

The project involves the construction of an olefins production plant with a production capacity of 700,000 tons per annum (TPA) of ethylene and 500,000TPA of polyethylene. It includes the construction of storage units, production units, warehouses, an administrative space, parking and related facilities and the installation of safety and security systems.

As of March 2018, planning activities are underway.

Construction is expected to commence in 2019 and scheduled to be completed in 2022.

Scope

The project involves the construction of an olefins production plant with a production capacity of 700,000TPA of ethylene and 500,000TPA of polyethylene in Yeosu, Jeollanam-do, South Korea.

The US$1,840 million project includes the following:

1. Construction of storage units

2. Construction of production units

3. Construction of warehouses

4. Construction of an administrative space

5. Construction of parking facilities 

6. Construction of related facilities

7. Installation of safety and security systems

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