Hanwha Total Petrochemical Company a 50:50 joint venture of Hanwha group and Total has increased its Para Xylene capacity to meet up the increasing Para Xylene demand. The annual capacity has been increased by 2,00,000 tonnes after two month upgrade. The second plant in Daesan, some 120 kilometers south of Seoul, will have an annual capacity of 1.2 million tons of paraxylene. The combined capacity of two plants in Daesan is 1.9 million tones. Hanwha Total was set up in 2015 after Hanwha's purchase of South Korean conglomerate Samsung Group's petrochemicals business, which included the group's 50 percent stake in the Daesan complex.
