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Sipchem and Hanwha Chemical of South Korea have 75 per cent and 25 per cent stakes in the venture respectively. The total cost of the project is estimated at around US$800 million. Both Sipchem and Hanwha will be in charge of global marketing operations for these products. The project's main contractor, Korean company GS Engineering & Construction Co., started construction work in September. The plant is scheduled to start operations during the second quarter of 2013. The second facility's main contractor is E Tech Engineering and Construction Co., who has already started work at the site. This plant is expected to start production in the first quarter of 2013.This complex, will be designed to produce 200,000 tonnes per year (tpy) of ethylene vinyl acetate (EVA) and LDPE using ExxonMobil technology.