MOSCOW (MRC) -- Korea Petrochemical Industry Co. (KPIC) has developed plans to increase ethylene and aromatics (benzene, toluene and xylene) capacity at its Onsan complex in Korea, as well as add propylene production at the site, according to Apic-online with reference to local media reports.
KPIC has awarded GS Engineering & Construction a USD270-million contract to increase ethylene capacity to 800,000 t/y from 490,000 t/y and aromatics capacity to 300,000 t/y from 220,000 t/y currently. The project also includes the capacity to produce 150,000 t/y of propylene.
The project is scheduled for completion in the first half of 2017, with production expected to come on stream during the second half of the year.
We remind that, as MRC wrote previously, anouther South Korean petrochemical company LG Chem shut down a naphtha cracker for a one-month maintenance turnaround on March 15, 2015. Located at Daesan in South Korea, the cracker has an ethylene capacity of 900,000 mt/year, propylene capacity of 450,000 mt/year and butadiene capacity of 145,000 mt/year.
MRC