Oil refinery

SK Innovation, which owns South Korea’s top refinery SK Energy, plans to build a new desulphurisation unit in its 840,000 barrels per day refinery in the south-eastern city of Ulsan to produce cleaner fuels for the upcoming global sulphur cap in 2020. The investment amounts to almost $900 million. Cha Jinseok, head of SK Innovation’s finance division, said that the new unit is planned to start commercial operation in July 2020.

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