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Hanwha Total to complete PP production expansion at Daesan complex by 2021

September 18/2019

SCOW (MRC) -- Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, expects to complete expansion project of polypropylene (PP) production at Daesan integrated refining and petrochemical complex in South Korea by 2021, said the producer.

The planned investment will increase polypropylene capacity by close to 60% to 1.1 million tonnes per year.

The producer has started its new ethylene production capacities. With a 450 million dollar investment, the site can now produce 1.4 million tonnes per year 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 300 million dollars are being invested to expand polyethylene production capacity by 50 % to 1.1 million tonnes per year by the end of 2019.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Daesan is one of Total's six world-class integrated complexes and a strategic asset for both shareholders. It comprises a flexible condensate splitter, a competitive steam cracker and units producing polymers, styrene and aromatics.

Hanwha Group, founded in 1952, is a global leader in a broad range of business spanning the spectrum of manufacturing, construction, finance, services and leisure industries. Hanwha Group consists of 56 domestic affiliates and 226 global networks, as of June 2016.

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.


mrcplast.com
Author:Anna Larionova
Tags:PP, PE, ethylene, propylene, Hanwha Corporation, Hanwha Total.
Category:General News
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