02 March 2011 10:28 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea-based Daesan MMA (DMMA) plans to build a new methyl methacrylate (MMA) plant and a new acrylic resin pellet plant in Yeosu, company sources said on Wednesday.
The firm is a joint venture between Japan’s Mitsubishi Rayon Co (MRC) and South Korea’s Honam Petrochemical Corp (HPC).
“The expansion is in response to the rapid growing demand for light guide panels for LCD and LED televisions,” said a source from the MRC.
Daesan MMA was to increase its MMA capacity by 98,000 tonnes/year to 188,000 tonnes/year using the butane direct oxidization process, commonly termed as the C4 process. Production at the MMA plant was scheduled to begin in January 2013, according to a statement by the MRC.
Daesan MMA would also expand its presence in South Korea as a supplier of acrylic resin pellets, or polymethyl methacrylate (PMMA) pellets, by building a 60,000 tonne/year plant, bringing its total capacity to 110,000 tonnes/year. Production at the plant was scheduled to begin in November 2012.
Both the new MMA and PMMA manufacturing facilities would be located at the Honam Petrochemical Plant 3 in Yeosu, South Korea.
Daesan MMA already has a 90,000 tonne/year MMA plant and a 50,000 tonne/year PMMA plant in Daesan.
In January 2011, Daesan MMA raised the capacity of its PMMA plant from 40,000 tonnes/year to 50,000 tonnes/year through a debottlenecking exercise.
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