KOREA (SOUTH): Hyundai Chem lets contract to Daelim for heavy feed PC complex in Daesan

Daelim has been awarded a contract by Hyundai Chemical, a joint venture of Hyundai Oilbank and Lotte Chemical, for a heavy feed petrochemical complex being built in Daesan, South Korea. The project, scheduled to be completed in 2021, will include the production of 300,000 t/y each of low-density polyethylene (LDPE) and high-density polyethylene (HDPE), as well as 250,000 t/y of polypropylene (PP).

Daelim's contract, valued at KRW 535.4 billion, involves responsibility for design, materials and equipment, procurement and construction. LyondellBasell's Lupotech T process technology will be used for the LDPE plant. The HDPE and PP unit will utilize Univation Technologies' Unipol PE technology and W.R. Grace & Co.'s Unipol PP technology, respectively.

Source: Weekly “PetroChemical News” (PCN), Durham, NC, USA; 2 Dec 2019
(Syed Rashid Ali, Karachi, Pakistan)