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Sinochem News recently, LG Chem and Taekwang Industrial have established a joint venture to produce acrylonitrile in South Korea, with a planned production capacity of 200,000 tons per year
.
Taiguang owns 60% of the equity in the joint venture, and the remaining equity is held by LG Chem
At present, Taekwang has an acrylonitrile production capacity of 290,000 tons/year in Ulsan, South Korea
.
Another South Korean producer of acrylonitrile is South Korea's Dongxu Petrochemical Company