South Korea approves over $1.46 bil aid package for petrochemical sector

South Korea has approved its first support package for the struggling downstream industry by signing off on a Daesan complex integration plan involving the country’s third-largest oil refiner, Hyundai Oilbank; its petrochemical joint venture, Hyundai Chemical; and Lotte Chemical, the Ministry of Trade, Industry and Resources said Feb. 25. The first support project under the petrochemicalSouth Korea has approved its first support package for the struggling downstream industry by signing off on a Daesan complex integration plan involving the country’s third-largest oil refiner, Hyundai Oilbank; its petrochemical joint venture, Hyundai Chemical; and Lotte Chemical, the Ministry of Trade, Industry and Resources said Feb. 25. The first support project under the petrochemicalRead More