By Noemie Bisserbe

 

PARIS--Hanwha Total Petrochemical, a joint venture between Hanwha and Total SA, said Wednesday it planned to invest $450 million to expand its refining and petrochemicals integrated platform in Daesan, South Korea.

This should help increase the site's ethylene capacity by 30% to 1.4 million metric tons a year, enabling it to process competitively priced propane feedstock, Total said in a statement.

The expansion project is set to be completed by mid-2019.

 

-Write to Noemie Bisserbe at noemie.bisserbe@wsj.com

 

(END) Dow Jones Newswires

April 12, 2017 03:33 ET (07:33 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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