GS-Caltex to Invest 2.6tln Won to Build Olefins Plant

SEOUL, Aug. 9 (Korea Bizwire) — GS-Caltex Corp., the second-largest refiner in South Korea, said Thursday that it will invest 2.6 trillion won (US$2.3 billion) to build an olefins plant in the southern part of the country. The mixed feed cracker in Yeosu will have an annual production capacity of 700,000 tons of ethylene and [...]