18 July 2012 09:08 [Source: ICIS news]
HC Petrochem is a 50:50 joint venture between Japanese refiner Cosmo Oil and
“If [the] construction [goes] smoothly, it will be able to complete in 2012…but we can’t tell you the accurate schedule now,” the source said.
The PX unit is part of HC Petrochem’s new Daesan aromatics project. It will also be able to produce about 120,000 tonnes of benzene per year.
The volume of PX produced and sold annually by HC Petrochem will be boosted to 1.18m tonnes once the new unit is operational, according to Cosmo Oil on its website. This figure includes the 380,000 tonnes/year capacity of Hyundai Oilbank’s existing PX facilities, which have been transferred to the joint venture.
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