You are currently here: News » Industry » KOREA (SOUTH)/USA: Hanwha Chemical hopes to build U.S. ...
Section: Rubber
  • Written on 25.02.2013 - Industry
  • You have these options:
    • Print this article
    • Article as PDF

KOREA (SOUTH)/USA: Hanwha Chemical hopes to build U.S. ethylene plant

Hanwha Chemical said 15 Feb. 2013 it is seeking to build an ethylene plant in the United States in collaboration with an American shale gas company (not further identified).

“We are in talks with a U.S. shale gas company, but negotiations have yet to take shape,” an official at Hanwha Chemical said on condition of anonymity.

The project is aimed at reducing production costs of ethylene used to manufacture petrochemicals, he said. The cost of ethylene production could be halved by extracting it
from shale gas compared with the existing extraction method using naphtha.

Helped by lower costs of ethylene production, U.S. petrochemical companies are expanding their presence in the Chinese market, the official said.

Source: "Korea Joongang Daily", Seoul; 16 Feb 2013

(Syed Rashid Ali, Karachi, Pakistan)


RSS Feed

Are you new here? Do you want to be always up to date?
Then subscribe to our RSS Feeds and never miss a news again.