04 May 2012 08:36 [Source: ICIS news]
This is to enable to the company -
“The current export volume for KP Chemical on a monthly basis is around 30,000 tonnes and KP will supply the domestic market from the
“[KP Chemical] will supply around 60% of domestic demand as Honam Petrochemical is converting their PET unit located in Yeosu to produce bio-PET,” said the source.
The source did not say how much of
Late last week, Honam Petrochemical and KP Chemical signed a distribution agreement with Toyota Tsusho, the sole trading arm of
“Bio-PET is [of] a highly specialised grade and [is] more costly with bio-monoethylene glycol as a raw material,” he added.
Honam Petrochemical has a 72,000 tonne/year capacity of PET bottle-grade chips and it is currently only supplying to the local market, according to the source.
Both KP Chemical and Honam Petrochemical are affiliates of the South Korean conglomerate Lotte Group.
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