South Korea's Huchems starts new 400 kt/yr nitric acid unit

19 September 2012 06:14  [Source: ICIS news]

NAGOYA (ICIS)--South Korea's Huchems Fine Chemicals Corp started up a new 400,000-tonne/year nitric acid plant in Yosu on 16 September, a source close to the company said on Wednesday.

The unit is the fourth nitric acid plant operated by Huchems at the same site.

The new unit increases Huchem’s total nitric acid capacity to 1m tonnes/year, the source added.

Huchems was established by South Korea’s Namhae Chemicals in September 2002 to operate the latter’s specialty business.

Namhae is in charge of procuring feedstock ammonia for Huchems’ nitric acid production.

As a result of the nitric acid expansion, Namhae’s annual ammonia requirements will be increased by 100,000 tonnes. 

Namhae’s current ammonia consumption is close to 400,000 tonnes/year, as the company also uses ammonia in its downstream diammonium phosphate (DAP) plant.

Several traders were heard to have already started negotiations with the producer for next year’s ammonia supply contracts.

By: Gabriela Wheeler
+65 6789 8828

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