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GS Caltex to start up new HDPE plant in South Korea

May 20/2021

MOSCOW (MRC) -- GS Caltex, a major South Korean petrochemical producer, is planning to start up its new high density polyethylene (HDPE) plant in Yeosu this June 2021, according to CommoPlast with reference to market sources.

This schedule is earlier than the initial plan of 2022.

The HDPE unit has an annual capacity of 500,000 tons/year that would concentrate on producing the film (TR-144, TRB-115), blow molding (5520BN or BM593), and injection (6060 or 6060UV) grades.

The company also operates the new mixed-feed cracker that produces 700,000 tons/year of ethylene and 180,000 tons/year polypropylene (PP) plant at the same complex.

The project is a 50-50 joint venture between GS Energy Corp. and Chevron Corp., costing 2 trillion won (USD1.84 billion) that started construction work in 2019.

According to MRC's ScanPlast report, Russia's overall HDPE production of totalled 505,800 tonnes in the first three months of 2021, up by 15% year on year. At the same time, only one Russian producer increased its output.
Author:Margaret Volkova
Tags:PP, PE, propylene, HDPE, ethylene, GS Caltex, Russia, South Korea.
Category:General News
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