Basic Chemicals

Q3 revenue KRW 5.3951T, operating loss KRW 281.4B; Daesan JV launched; Yeosu integration targeted H1 next year; Yulchon compounding capacity 500,000 t/yr with new specialty line in Q1.

Joint revamp targets ~10% lower specific energy at SKW unit 2 and major natural gas savings at LAT unit 2 via KBR KRES reformer; contracts signed end-September 2026.

Padana, Gujarat plant produces 220,000 t/year caustic soda (up to 675 t/day); uses BM Generation 6+ technology with five 135 t/day electrolyzers for internal use and domestic sales.

Company reverses planned exit to retain and renovate Kagawa Plant capacity for pitch- and needle-coke; production pause H2 FY2027, restart H2 FY2028; ~¥9.0bn provision reversal expected.

Sales rose 13.2% to ¥2,037.1bn; core operating income jumped 60.9% to ¥202.8bn while net income fell 18.1% to ¥90.2bn. Full-year revenue and profit forecasts were raised.

EBITDA up 34% YoY to $2.0bn; adjusted EPS $1.15; net debt rose to $10.3bn while liquidity stays $8.7bn; strategic projects raise EBITDA potential by ~$1.8bn.

Closed-loop HCl regeneration recovers spent pickling acid, meets ~99% of acid needs, yields sellable iron oxide; plant handles 6,400 L/hr to support a 1.3 Mt/year pickling line.

Projects target low‑carbon iron feedstock, a 5 GW European solar cell and module factory, and biogenic CO₂-to-e‑methane systems, advancing to industrial-scale deployment.

Two Ruwais projects secured $1.39bn; terminal received $928m (incl. $225m Islamic), ammonia $460m for a 1 mtpa plant. EPC works are >90% (ammonia) and ~70% (terminal).

Advances EU2 and EU3 ethane-cracker engineering with Linde; Borouge 4 adds 1.4 Mt polyethylene; Kallo PDH2 reaches mechanical completion; Burghausen and Schwechat projects progress.