SK Energy Co., South Korea's top refiner, said Wednesday it had agreed with U.S. engineering and construction company KBR Inc. to establish a joint venture to export its chemical processing
technologies.
The 50-50 joint venture, named "SK-KBR Technologies," will export SK Energy's three self-developed technologies to petrochemical companies around the world via KBR's global distribution network, the South Korean company
said.
The technologies include the Advanced Transalkylation process that converts low-priced toluene into high-priced benzene, SK Energy said.
The two companies signed the deal in Singapore early Wednesday, SK Energy said.