Hanwha Total plans to build new PP plant in South Korea
By the end of 2020, the planned investment will increase the company’s PP capacity by around 60% and its ethylene capacity by 10% to 1.1 million tons/year and 1.5 million tons/year, respectively.
The company stated in the press release that the new project complemented its ongoing investments. Amounting to nearly $750 million, the ongoing investments are planned to increase the complex’s ethylene production capacity by 30% to 1.4 million tons/year by the middle of 2019 and expand its PE production capacity by 50% to 1.1 million tons/year by the end of 2019.
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