06-Mar-19, PR Newswire
Singapore headquartered Fortrec has completed the acquisition of and re-started its refurbished aromatic solvents refinery in Ulsan, Korea. The facility, which has a sixty thousand (60,000) tonne a year capacity for producing aromatic solvents FSol100, FSol150, FSol200 and Washoil, is the culmination of a nine-month acquisition by Fortrec.
%20Exsoft.jpg "Singapores Fortrec acquires Aromatic Solvents refinery in Ulsan Korea (c) Exsoft")
Image: Exsoft
Fortrec's Ulsan facility will aim to source all its feedstock locally and is targeting to reach full capacity within the coming months, and then to further expand as customer demand grows. The company is exploring opportunities to produce other high value-added petrochemical products as well as their standard stock.