12 April 2017
DETAILS
Hanwha Total Petrochemical,
a 50/50 joint venture
will invest to expand its
Daesan refining & petrochemicals integrated platform.
The planned $450 million investment
will increase the site’s ethylene capacity
by 30% to 1.4 million tons per year.
Daesan is one of Total’s six
world-class integrated platforms
and a strategic asset for Hanwha.
This site which is comprised of
* a highly flexible condensate splitter,
* a competitive steam cracker and
* polymers, styrene and aromatics units,
generated a net result of nearly $1 billion in 2016.
The extension 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 United States.
The expansion project
is set to be completed by mid-2019.
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.
Bernard Pinatel,
President Refining & Chemicals of Total
“This project is part of our strategy
to invest in world-class integrated platforms
to develop petrochemicals based on
competitive feedstock and targeting high-growth markets,”
“The investment reflects the strong partnership
with Hanwha and will contribute to
the growth of our Refining & Petrochemicals cash flows.”
Contact us
Mail : presse@total.com
Tél. : +33 1 47 44 58 53
Fax : +33 1 47 44 58 24
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