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Hanwha Total Petrochemical Co is now the largest polypropylene (PP) producer in South Korea with a capacity of 1,120 tons after completing the extension of its PP and ethylene manufacturing facilities in Daesan.
The extension, which adds 400,000 tons to Hanwha Total’s previous annual PP production capacity of 720,000 tons, required an investment of 530 billion won and took 28 months to complete.
It is expected to generate additional revenue of 840 billion won annually.
PP is a synthetic plastic material used in disposable food packaging, food containers, other household products, and in auto vehicles and electronic components.
The material is seen attracting higher demand this year due to the increasing use of disposable food packaging amid the pandemic.
The extension also increased the company’s annual production capacity for ethylene from 1.38 million to 1.53 million tons.
The new facility uses liquefied petroleum gas (LPG) instead of naphtha, which is a more costly petrochemical material.
Hanwha Total Petrochemical Co. is a 50:50 joint venture between Hanwha Group and France's Total SE.
