That's correct. The statement indicates that SK Global Chemical, a company involved in the chemical industry, is divesting its Nexlene polyethylene business. This could be due to various reasons such as strategic realignment, financial considerations, or focusing on core competencies. Polyethylene is a type of plastic widely used in packaging, piping, and other applications, and Nexlene is likely a brand or product line associated with SK Global Chemical's polyethylene offerings.