SKGC暂停蔚山裂解装置出售谈判

Core Viewpoint - SK Group's petrochemical subsidiary SK Geo Centric (SKGC) has suspended negotiations with Korea Petrochemical Industry Company (KPIC) regarding the sale of its naphtha cracking center in Ulsan, primarily due to significant differences in interests and a lack of progress since last year [1] Group 1: Negotiation Status - The negotiations between SKGC and KPIC have stalled, with both companies reassessing their internal positions [1] - Although the talks have not completely broken down, the urgency for restructuring is lower for SKGC, which is currently in a relatively stable financial position [1] Group 2: Financial Conditions - KPIC reported a loss of 14.4 billion KRW in the first half of the year, with cash reserves around 93 billion KRW, indicating significant financial pressure [1] - The hesitance from KPIC regarding investments in facilities that may not yield immediate benefits is a key factor in the stalled negotiations [1] Group 3: Complexity of Negotiations - The complexity of the negotiations has increased due to the need to involve S-Oil in discussions about facility adjustments [1] - S-Oil is set to operate its new crude oil-to-chemical plant by the end of next year, adding another layer of consideration to the Ulsan restructuring plans [1] Group 4: Other Negotiations - Despite the stagnation in Ulsan, restructuring discussions in the Yeosu and Daesan regions are progressing smoothly [1]