12 December 2017
ABOUT HANWHA TOTAL PETROCHEMICAL
DETAILS
a 50/50 joint venture between Hanwha and Total,
will invest more than $300 Million to expand
its integrated refining & petrochemicals platform located
in Daesan, South Korea.
The investment will increase
the site’s polyethylene capacity by more than 50%
to 1.1 million tons per year by the end of 2019.
This project complements the steam cracker expansion
and flexibilisation project announced earlier this year,
that will notably enable it
to process low-cost propane feedstock.
Thus, it will allow the facility to capture margin
along the full ethylene-polyethylene value chain.
Daesan is one of Total’s six world-class integrated platforms
and a strategic asset for both shareholders.
The site, which is comprised of
a flexible condensate splitter,
a competitive steam cracker and
polymers, styrene and aromatics,
generated a net result of nearly $1 billion in 2016.
Exclusive Licensor of Advanced Dual Loop Technology
Chevron Phillips Chemical is the exclusive licensor of the Advanced Dual Loop (ADL) technology.
This state-of-the-art series reactor technology is a collaboration between
Chevron Phillips Chemical Company and Total Petrochemicals.
The ADL technology is capable of producing up to 500 kMTA
and incorporates the key advancements from modern loop slurry design.
The MarTECH™ ADL process is capable of producing the unique bimodal dual loop products
such as PE 100 pipe grades, Extreme Resistance to Crack (XRC) initiation pipe grades,
bimodal films and enhanced bimodal blow molding resins,
as well as the full product range of MarTECH™ technology SL products.
Hanwha Total Petrochemical will use
which will enable the production of
a wide range of high-end specialty polyethylenes.
The additional production of polyethylene,
the most widely used polymer, will supply
the local South Korean demand
and also the fast-growing Chinese market.
Bernard Pinatel,
President Refining & Chemicals of Total
“After the expansion of the steam cracker
announced earlier this year, this project will allow us
to capture margins across the full value chain
at this giant integrated platform”,
“We will provide the fast-growing Asian market
with high-added-value polymers
by leveraging our differentiating technology.”
READ MORE
Total Ccontact
Sources:
Total..www.total.com
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