KOREA (SOUTH): Yeochun NCC plans investment in S. Korea to boost ethylene, butadiene capacity
Yeochun NCC Co., a joint venture between Daelim Industrial and Hanwha Chemical, said it plans to spend KRW 740 billion to increase ethylene and butadiene capacity in South Korea.
The project involves construction of a second naphtha cracking plant, which will increase ethylene capacity to 915,000 t/y from 580,000 t/y, and setting up a new butadiene plant to expand capacity to 370,000 t/y from 240,000 t/y. Commercial operations are scheduled to begin in the fall of 2020.
Yeochun NCC said the new capacity will allow it to provide stable raw materials to its affiliates, and increase its competitiveness. In addition, the project is expected to create 1,000 new jobs a year over the next three years.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 3 Sept 2018
(Syed Rashid Ali, Karachi, Pakistan)