This project was launched in April 2017 and is the first in a series of three at the complex. More than $300mn are being invested to expand polyethylene production capacity by 50% to 1.1 million tonnes per year by the end of 2019, and nearly $500mn are being invested to increase polypropylene production capacity by close to 60% to 1.1 million tonnes per year by 2021.The three projects take advantage of abundant, cost-advantaged propane feedstock from the shale gas revolution in the United States. With these investments, the Daesan facility will be in a position to capture margins across the ethylene-polyethylene and propylene-polypropylene value chains. The additional production capacity will help meet rapidly growing Asian demand.
“These investments and today’s successful start-up of the first project reflect our strategy of meeting growing global demand for petrochemicals by channelling our investments into our world-class complexes and leveraging cost-advantaged feedstock,” said Bernard Pinatel, president, refining and chemicals, Total.For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.