Total, Hanwha invest $450m to expand South Korea JV complex
Nurluqman Suratman
12-Apr-2017
(adds table of existing capacities at the Daesan complex)
SINGAPORE (ICIS)–Total and Korean producer Hanwha Chemical are investing $450m to expand their joint venture (JV) refining and petrochemicals complex in Daesan, South Korea, the French energy firm said on Wednesday.
The project will boost the site’s ethylene capacity by 30% to 1.4m tonnes/year and “will significantly increase the site’s flexibility, enabling it to process competitively priced propane feedstock which is abundantly available, notably due to the shale gas revolution in the US”, Total said in a statement.
The expansion project is set to be completed by mid-2019, Total said.
“The additional ethylene production will meet local demand and also supply the nearby fast-growing Chinese market which imports a significant part of its ethylene requirements,” the company said.
The Daesan complex is owned and operated by Hanwha Total Petrochemical, a 50:50 joint venture between Hanwha and Total.
The site houses a condensate splitter, a steam cracker as well as polymers, styrene and aromatics units.
|
Products |
Capacity (tonnes/yr) |
|
Benzene |
70,000 |
|
Benzene |
170,000 |
|
Benzene |
330,000 |
|
Benzene |
350,000 |
|
Butadiene |
120,000 |
|
Ethylene |
1,100,000 |
|
Ethylene Glycol, Mono |
120,000 |
|
Ethylene oxide |
100,000 |
|
Ethylene-vinyl acetate copolymer |
100,000 |
|
Paraxylene |
700,000 |
|
Paraxylene |
1,000,000 |
|
Polyethylene high density |
175,000 |
|
Polyethylene linear low density |
125,000 |
|
Polyethylene low density |
140,000 |
|
Polypropylene |
270,000 |
|
Polypropylene |
300,000 |
|
Propylene |
520,000 |
|
Styrene |
400,000 |
|
Styrene |
650,000 |
Source: ICIS Plants and Projects Database
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