German China India

South Korea: Polypropylene and Ethylene Production

Hanwha Total Invests 500 Million Dollars to Develop Petrochemical Complex

| Editor: Ahlam Rais

This project complements the ongoing investments totalling 750 million dollars to increase the complex's ethylene and polyethylene production capacity.
Gallery: 1 image
This project complements the ongoing investments totalling 750 million dollars to increase the complex's ethylene and polyethylene production capacity. (Source: Deposit Photos)

On expansion of the company’s Daesan integrated refining and petrochemical complex, the firm is expected to increase polypropylene and ethylene capacity to 1.1 million tonnes per year and 1.5 million tonnes respectively.

Paris/France – Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly 500 million dollars to further expand its Daesan integrated refining and petrochemical complex in South Korea. The planned investment will increase polypropylene capacity by close to 60 % to 1.1 million tonnes per year by the end of 2020. The ethylene capacity will simultaneously increase by 10 % to 1.5 million tonnes.

This project complements the ongoing investments totalling 750 million dollars to increase the complex's ethylene production capacity by 30 % to 1.4 million tonnes per year by mid-2019 and to expand polyethylene production capacity by 50 % to 1.1 million tonnes by end-2019. All these investments are designed to take advantage of competitively priced propane feedstock, which is abundantly available due to the shale gas revolution in the United States. With this new investment, Daesan will be in a position to capture margins across the propylene-polypropylene value chain, as it already does in the ethylene-polyethylene value chain.

Major Plant Engineering GROAB is a project database for international major plant engineering and construction. You can find more than 5500 projects within 13 categories. Learn more about GROAB and test the database.

The additional production of high-value-added polymers will allow the complex to meet local demand and supply the fast-growing Asian market.

Comments are being loaded ....

Leave a comment

The comment is checked by an editor and will be released soon.

  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Infos can be found under www.mycontentfactory.de (ID: 45632796 / Oil & Gas)