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Top News In ஹன்வா மொத்தம் பெட்ரோ கெமிக்கல் Today - Breaking & Trending Today

Return of Iranian Oil Sets Up Battle for South Korean Market

(Bloomberg) The likely return of Iranian oil is setting up what promises to be an aggressive battle to supply a corner of the coveted Asian market.Iran is a major producer of condensates ultra-light oil that’s a by-product from natural gas fields and South Korea is Asia’s biggest operator of splitters designed to turn it into petrochemicals used to make plastics.SK Innovation Co., Hanwha Total Petrochemical Co. and Hyundai Oilbank Co. used to favor Iran’s South Pars condensate due to pl ....

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Iran preps to aggressively reclaim key Asian oil markets when sanctions lift

The likely return of Iranian oil is setting up what promises to be an aggressive, price-driven battle to supply a corner of the coveted Asian market. ....

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Hanwha Systems to launch $1.1 bn rights issue in June

Hanwha Systems to launch $1.1 bn rights issue in June
Two other Hanwha units as top shareholders to apply for extra issues
Jin-seong Kim
2 HOURS AGO
Hanwha　Systems 　Butterfly,　a　personal　air　vehicle　under　development　with　Overair,　a　US　air　taxi　startup
Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea s Hanwha Group, is set to launch a rights offering next month to raise around 1.2 trillion won ($1.1 billion) as the company is looking for new M&A targets and boosting R&D spending.
On May 31, the Hanwha Group unit will price its new 78.7 million shares that amount to 71.3% of its current outstanding shares. The estimated issuance price of 15,800 won apiece is 13% below the current market price. ....

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South Korea Daesan Complex To Develop Its Polymer Capacity For Durable Applications

South Korea: Daesan Complex To Develop Its Polymer Capacity For Durable Applications
The Hanwha Total Petrochemical (HTC) joint venture is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year. At the same time, the start-up of a fourth propane furnace will increase ethylene production capacity by 10% to 1.5 million tons a year.
These projects were carried out safely and successfully, and were completed on time and on budget. They mark the culmination of investments totaling $1.3B, announced in 2017 and 2018, to expand production capacity at the Daesan complex. They also take advantage of abundant, cost-advantaged propane feedstock from the United States. ....

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Korea-based Hanwha Total to expand PP production capacity by 60%

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Pic: Shutterstock
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. ....

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