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Vietnamese Hyosung reaches on-spec PP production at new plant

February 20/2020

MOSCOW (MRC) -- Following the start-up at the newly constructed polypopylene (PP) plant in Vietnam on 12 February 2020, it is reported that Hyosung has reached on-spec cargoes this week, reported CommoPlast.

The first prime grade parcels are homo-PP yarn grade F501N with a melt index of 3.7.

"We are targeting local buyers in Vietnam first before obtaining Form D from the government to export," a source close to the producer reported.

This is the No. 1 PP unit that has an annual capacity of 300,000 tons/year, operating using external sources of propylene. The company is constructing the Phase II project at the same location, which houses a propane dehydrogenation (PDH) plant and No. 2 PP unit that could produce another 300,000 tons/year.

As MRC informed earlier, Hyosung Corp. plans to invest USD1.2-billion in a two-phase project, which involves construction of PP plants and LPG warehouse at the Cai Mep Industrial Zone in Vietnam.

According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).

Hyosung Corporation is a Korean industrial conglomerate, founded in 1957. It operates in various fields, including the chemical industry, industrial machinery, IT, trade, and construction.


mrcplast.com
Author:Margaret Volkova
Tags:PP, homopolymer PP, PP random copolymer, propylene, fibers/filaments, Hyosung, Vietnam, Russia.
Category:General News
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