Korean company might invest US $3 billion in Peru’s petrochemical sector

Isabel Guerra

SK Group, a Korea-based diversified multi-national group of manufacturing and service providing companies, is interested in investing some US$3 billion in Peru’s petrochemical sector, South Korean ambassador to Peru, Han Byung-kil, said Thursday.

According to Gestión, the SK would make this investment provided it wins the tender for natural gas supply, which would be launched by Pluspetrol (Camisea’s Consortium leader) during the second half of this year.

“It will be the largest investment project in Peruvian history,” ambassador Han Byung-kil told Andina News Agency.

If SK builds the petrochemical plant, they expect to complete the its petrochemical master plan for 2015, and the the additional added value would be will be $13 billion per year, which would represent 6% of Peru’s GDP.

In addition, the plant would generate 150,000 jobs.

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