MOSCOW (MRC) -- Hanwha Chemical is likely to shut a phthalic anhydride (PA) plant for maintenance turnaround, reported Apic-online.
A Polymerupdate source in South Korea informed that the plant is planned to be shut in October 2014. It is likely to remain off-stream for around one month.
Located at Ulsan in South Korea, the plant has a production capacity of 80,000 mt/year.
As MRC informed before, in July 2014, Hanwha Chemical created a task force to manage the process of bidding for Dow Chemical's chlorine business. Hanwha retained Credit Suisse earlier this year to advise on the possible purchase, which involves about 40 production facilities at 11 sites, including Dow's chlor-alkali and chlor-vinyl units in Plaquemine, La., and Freeport, Texas, as well as Dow’s interest in the Dow Mitsui chlor-alkali joint venture in Freeport.
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