Published on December 10, 2018
Hanwha Total Petrochemical will invest around $500 million to expand its Poly Propylene capacity at its Daesan based petrochemical complex in South Korea. This will increase the production capacity to 1.1 million tonnes per day, nearly 60% improvement in the line by the end of 2020.This will increase the Ethylene capacity to 1.5 million tonnes. All these investments are designed to take advantage of competitively priced propane feedstock, which is abundantly available due to the shale gas revolution in the United States. With this new investment, Daesan will be in a position to capture margins across the propylene-polypropylene value chain, as it already does in the ethylene-polyethylene value chain.
