Daesan refining and petrochem complex to expand ethylene capacity
Hanwha Total Petrochemical, a 50:50 joint venture between Hanwha and Total, is planning to invest $450mn to expand the ethylene capacity at its Daesan refining and petrochemicals integrated platform by 30% to 1.4mn t/y. The extension will enable the site to process competitively priced propane feedstock which is abundantly available, notably due to the shale gas revolution in the US.
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.
News Item details
Journal title: Petroleum Review
Subjects: Refining, Petrochemical plants, Ethylene
