Total JV eyes Korean petchem investment
South Korea Daesan refining & petrochemicals integrated platform
In a press release, Total said that its Hanwha Total Petrochemical entity has earmarked USD 450 million for investment. This should raise ethylene production capacity to 1.4 million tonnes per year, an increase of 30%.
The work is scheduled for completion in mid-2019.
“This project is part of our strategy to invest in world-class integrated platforms to develop petrochemicals based on competitive feedstock and targeting high-growth markets,” Total’s president for refining and chemicals, Bernard Pinatel, said in a press release.
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