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Petrochemical company Hanwha Total Petrochemical (HTC) has invested $1.3 billion to develop new polypropylene (PP) line at the Daesan complex in Korea to boost its production capacity by 60 per cent, bringing it to 1.1 million tons per year. A new propane furnace has also been set up to increase ethylene production capacity by 10 per cent.
The total ethylene production of the unit will now be 1.5 million tons per year, the company said in a press release.
The projects announced in 2017 and 2018 to expand the production capacity at the Daesan integrated refining and petrochemical complex, take advantage of abundant, cost-advantaged propane feedstock from the US.