Total, Hanwha invest $450m to expand South Korea JV complex

12 April 2017 09:01 Source:ICIS News

(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

By Nurluqman Suratman