BP to expand petrochemical presence in South Korea
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
BP and Lotte have agreed a major expansion of production capacity at their joint venture (JV) Lotte BP Chemical Co. Ltd facility in Ulsan, South Korea.
The expansion is expected to add 100 000 tpy of acetic acid capacity by May 2019 through debottlenecking, and to double the current 200 000 tpy vinyl acetate monomer (VAM) capacity with the addition of a second VAM plant by the end of 2020. The new expansion will bring total production capacity of the site to over 1 million tpy.
The expected investment of US$175 million will be funded by the JV.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/14012019/bp-to-expand-petrochemical-presence-in-south-korea/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
LBC Rotterdam completes construction of 36 storage tanks
LBC Rotterdam have announced the completion and the arrival of all 36 new storage tanks.
