Petrochemicals

Hanwha Total Petrochemical increases ethylene production capacity by 30%

Hanwha Total Petrochemical increases ethylene production capacity by 30%
Photo courtesy of Hanwha Total

The Daesan integrated refining and petrochemicals complex in South Korea, owned by Hanwha Total Petrochemical, has started its new ethylene production capacities. Hanwha Total Petrochemical is a 50-50 joint venture between Total and Hanwha. With a USD450 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 USD300 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 USD500 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.

“These investments and today’s successful start-up of the first project reflect our strategy of meeting growing global demand for petrochemicals by channeling our investments into our world-class complexes and leveraging cost-advantaged feedstock,” said Bernard Pinatel, president, Refining & Chemicals, Total.

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