Samsung Total Petrochemicals to upgrade Daesan complex in Korea |
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(plastech)
-- Total is consolidating its positions in petrochemicals in Asia with a new
expansion and upgrading project for the Daesan complex in South Korea, which the
Group owns with Samsung as part of the Samsung Total Petrochemicals 50/50 joint
venture. With costs approaching USD1.8 billion, the project calls for the
construction of a second aromatics1 unit and an ethylene-vinyl acetate (EVA)
copolymer unit at the Daesan petrochemical complex.
The new aromatics unit will have a production capacity of around 1
million metric tons of paraxylene and 420,000 metric tons of benzene per year
and will be completed by September 2014. Paraxylene is used to manufacture
polyester, while benzene is used to produce petrochemical products such as
styrene.
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"With the completion of the aromatics unit in 2014 and the upgrade of existing paraxylene capacity in 2012, total paraxylene production capacity will be increased to 1.76 million metric tons.
This investment project in partnership with Samsung is aligned with
Total’s strategy of expanding in growth markets. It gives us the strong base we
need to maintain our position as a leading supplier of value-added products to
meet demand in Asia, especially China,” said Patrick Pouyanne, President of
Total’s Refining - Chemicals business. “We are pursuing our strategy of focusing
our spending on our most efficient integrated platforms, such as the Daesan
complex.” |
The Daesan petrochemical complex is a world-class facility that manufactures
four main products — polypropylene, polyethylene, styrene monomer and
paraxylene. Fifty percent of its output is exported, primarily to China.
mrcplast.com
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