Hanwha Total to Invest $450 Million to Expand Petrochemical Facility in Daesan
12 Avril 2017 - 09:48AM
Dow Jones News
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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