Hanwha Total Petrochemical increases ethylene capacity by 30%
Published by Tom Mostyn,
Editorial Assistant
Hydrocarbon Engineering,
The Daesan integrated refining and petrochemicals complex in South Korea, owned by Hanwha Total Petrochemical, has started its new ethylene production capacities. With a US$450 million investment, the site can now produce 1.4 million tpy 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 US$300 million are being invested to expand polyethylene production capacity by 50% to 1.1 million tpy by the end of 2019, and nearly US$500 million are being invested to increase polypropylene production capacity by close to 60% to 1.1 million tpy by 2021.
The three projects take advantage of abundant, cost-advantaged propane feedstock from the shale gas revolution in the US. 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 channelling our investments into our world-class complexes and leveraging cost-advantaged feedstock” said Bernard Pinatel, President, Refining & Chemicals, Total.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/17092019/hanwha-total-petrochemical-increases-ethylene-capacity-by-30/
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