Kuwait’s state petchems firm PIC is buying 49% of the chemicals business of Korea’s SKC, it announced 7 August. The deal is PIC’s second Korean petchems venture, which like the SK Advanced propylene JV with Korea’s SK Gas and Saudi Arabia’s Advanced has a plant at Ulsan. Under the agreement the two firms will form a JV to operate SKC’s propylene oxide (PO) and propylene glycol (PG) business and also own 45% of the SKC Evonik Peroxide Korea hydrogen...