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Hyosung to restart PP plant in Vietnam

October 21/2020

MOSCOW (MRC) -- Hyosung Vina Chemicals Co Ltd is on track to restart its new polypropylene (PP) unit in Vietnam following a three weeks shutdown due to an unspecified technical issue, reported CommoPlast with reference to market sources.

The 300,000 tons/year plant was taken offline on 29 September 2020.

As MRC informed before, following the start-up at the newly constructed PP plant in Vietnam on 12 February 2020, it was reported that Hyosung reached on-spec cargoes approximately in mid-February. The first prime grade parcels were homo-PP yarn grade F501N with a melt index of 3.7.

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.

According to MRC's ScanPlast report, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.

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.
Author:Margaret Volkova
Tags:PP, PP random copolymer, propylene, Hyosung, Russia.
Category:General News
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