27 May 2014
Details
SABIC and
signed a 50-50 joint venture agreement
in Seoul, South Korea, on May 26
for a total investment of US$ 595 million
to manufacture a range of
high-performance polyethylene products
using SK’s cutting edge Nexlene™ solution technology.
The agreement was signed by
Mohamed Al-Mady,
SABIC Vice Chairman and CEO, and
Ja-Young Koo,
SK Innovation Vice Chairman and CEO,
and is subject to regulatory approval.
About mLLDPE, Polyolefin elastomers and Plastomers
The packaging industry can benefit from lighter versions of
Nexlene (mLLDPE)
to produce films to manufacture
flexible food packaging and wrapping materials.
They can also be used in pipes for greater variations
as well as in
consumer goods, such as roto-moulded articles.
Polyolefin elastomers
find applications in a number of industries
where elasticity is important including
impact modifiers in the automotive industry,
footwear in consumer markets and
wire coatings in utilities and construction industries.
Polyolefin plastomers
are specifically designed to provide
excellent heat seal strength
for a variety of packaging products
to help provide inner sealing,
adhesive and air/moisture barrier layers.
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