17 May 2007 04:24 [Source: ICIS news]
TAIPEI (ICIS news)--Honam Petrochemical and partner Qatar Petroleum are considering new ethylene derivatives downstream of their joint venture, a senior official from its subsidiary said on Thursday.
The proposed 900,000 tonne/year joint venture cracker will have an excess 300,000 tonnes/year of ethylene, SY Huh, president and CEO of Lotte Daesan Petrochemical, told ICIS news on the sidelines of the 28th Asia Petrochemical Industry Conference.
"We're thinking of another project, but it will depend on joint venture talks," he said, adding that both companies were ironing out details in the joint venture agreement and hope that talks could be completed by the end of this year.
The proposed cracker will use a mixture of naphtha and ethane feed and the project also includes a naphtha reformer. Ethane gas supply has been committed for the project which is to start up after 2010, Huh said.
The project will also produce an unspecified amount of mixed xylenes (MX) for sale, Huh said.
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