TAIPEI (ICIS news)--South Korean polypropylene (PP) producer Hyosung Corp plans to start up a second propane dehydrogenation (PDH) unit in Ulsan in 2016, a company source said on Friday.
The PDH unit is expected to produce around 300,000 tonnes/year of propylene, a portion of which is likely to be sold in the domestic market or exported, the source said at the sidelines of the Asia Petrochemical Industry Conference (APIC) being held in Taipei.
The company plans to source propane for the plant from the US, he said.
Hyosung is currently running a PDH unit that can produce 200,000 tonnes/year of propylene at the same site. But the company has remained a net buyer of propylene, which is being fed into its derivative PP plant, which has around 350,000 tonnes/year of capacity.
APIC runs from 9-10 May.