MOSCOW (MRC) -- South Korea’s Hanwha Total will conduct a 45-day long turnaround for its No. 1 aromatics unit from the end of the week, a company source told TPS.
"The No.1 aromatics unit will be taken offline this week for a 45-day turnaround and is expected to restart in mid-April," said the source.
Hanwha Total runs two aromatics units in Daesan, within South Korea’s Chungnam Province.
The company’s No. 1 aromatics unit has a nameplate capacity of 360,000 mt/year of benzene and 700,000 mt/year of paraxylene (PX). Its No. 2 aromatics unit is able to produce 420,000 mt/year of benzene and 1 million mt/year of PX.
Assuming that the unit is operating at 100%, production loss is estimated to be around 44,383 mt of benzene and 86,301 mt of PX.
We remind that, as MRC wrote previously, Hanwha Total Petrochemical Co. is expanding its business into the global high value-added ethylene vinyl acetate (EVA) market by commercial production using the tubular reactor polymerization process for the first time in the world, and investing in facilities, including the expansion of the second EVA plant. Hanwha Total has established EVA production facilities of 320,000 tpa. The company expects to turn over 1.5 trillion won (USD1.28 billion) in solar EVA products alone in the next five years. The company achieved a 35% share in the global solar encapsulment EVA market amounting to 350,000 tons, being ranked first.
Hanwha Group is one of the largest business conglomerate in South Korea. Founded in 1952 as Korea Explosives Inc., the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosives, their original business, to retail to financial services.
MRC