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Hanwha Total Petrochemical Increases Ethylene Production Capacity by 30%

Gasoil News - Published on Wed, 25 Sep 2019

Image Source: total.com
The Daesan integrated refining and petrochemicals complex in South Korea, owned by Hanwha Total Petrochemical, has started its new ethylene production capacities. With a USD 450 million investment, the site can now produce 1.4 million tons per year of ethylene, an increase of 30%. This project was launched in April 2017 and is the first in a series of three at the complex. More than USD 300 million are being invested to expand polyethylene production capacity by 50% to 1.1 million tons per year by the end of 2019, and nearly USD 500 million are being invested to increase polypropylene production capacity by close to 60% to 1.1 million tons per year by 2021.

The three projects take advantage of abundant, cost-advantaged propane feedstock from the shale gas revolution in the United States. With these investments, the Daesan facility will be in a position to capture margins across the ethylene-polyethylene and propylene-polypropylene value chains. The additional production capacity will help meet rapidly growing Asian demand.

Daesan is one of Total's six world-class integrated complexes and a strategic asset for both shareholders. It comprises a flexible condensate splitter, a competitive steam cracker and units producing polymers, styrene and aromatics.

Source :

Posted By : Rabi Wangkhem on Wed, 25 Sep 2019
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