Samsung General Chemicals (SGC) → Samusung Total
→ 2002/12/2 Atofinaと50/50ＪＶ設立 設備を移管
Samsung General Chem,France's Atofina Sign $1.55B JV Deal
2003/5 Samsung, Atofina sign joint chemical venture
2003/7 欧州委員会、三星/Atofina ＪＶ承認
2003/8/1 Samsung and Atofina ratify new Korean joint venture company
2004/9 DuPont & Samsung Announce JV Agreement for Flexible Circuit Materials
2005/10 Samsung Total, Huge ‘Extension Investment’
2006/7 BP to Market Share of SPC in Korea
2006/11 Korea Samsung Total to expand benzene,PX units by mid-2009
2006/12 Samsung Total、ＳＭデボトルネッキングで80万トンに
2007/8 Samsung Total to complete Daesan metathesis unit Aug 2008
2008/8 Samsung Total's new OCU produces on-spec propylene
2007/10 Total announces start-up of new polypropylene production line at Daesan Plant in South Korea
2012/2 Major Expansion and Upgrade Project at Samsung Total Petrochemicals’ Complex in Daesan
Samsung General Chemicals (SGC), a subsidiary of the Samsung Group, is a petrochemicals company that manufactures chemical products used as the material components of many everyday items. Among the products we manufacture are olefins, such as ethylene and propylene; basic petrochemicals, such as PX; and polyolefins, such as PE and PP.
100 thousand tons of LDPE are produced annually from LDPE plants by using the most advanced high pressure tubular process.
SGC produces 50 thousand tons of EVA annually, by using the most advanced tubular process.
SGC produces 125 thousand tons of LLDPE(including MDPE)annually by using a state of the art gas phase process with a super active catalyst.
SGC produces 175 thousand tons of HDPE annually, using the advanced slurry process and a super active Ziegler catalyst.
SGC produces 220 thousand tons of PP annually by using a liquid-gas phase process with multi-reactor system.
SAMSUNG BP Chemicals Acetic Acid, Hydrogen, VAM
Samsung Petrochemical (JV with BP) PTA
仏アトフィナの出資受け入れ サムスン総合 JV設立合意
December 2, 2002 TotalFinaElf
TotalFinaElf plans to set up a petrochemicals joint venture with Samsung in South Korea
TotalFinaElf, via its chemicals branch ATOFINA, and the South Korean company Samsung, will sign Dec. 2 a memorandum of understanding with the aim of setting up a 50/50 joint venture in the petrochemicals sector in South Korea, to which the assets of Samsung General Chemicals will be transferred.
Dec. 2, 2002 Samsung General Chemicals
A Petrochemical Joint Venture is to be established between
Samsung General Chemicals and Atofina, the Chemicals branch of TotalFinaElf
・ MOU signed between Samsung General Chemicals and Atofina, the chemical Branch of the French Group TotalFinaElf.
・ Definitive Agreements will be signed during the 1st quarter of 2003 based on 50:50 ownership .
・The new joint venture is expected to be competitive through a marketing and sales alliance as well as a sound financial structure.
April 16, 2003
Jv paves way for expansion; Atofina and Samsung General Chemicals cracker in Korea.
Atofina and Samsung General Chemicals (SGC) have formally agreed to establish a 50:50 $1.5 bn joint venture to increase the capacity of a cracker in Daesan, South Korea, from 650,000 tonnes/y to 1 M tonnes/y.
Chemicals, a joint venture with British BP AMOCO Chemicals
(established in 1989), manufactures 350,000 tons of industrial
acid and 10,000 tons of hydrogen annually. SAMSUNG-BP Chemicals
aims at being the top Asian acetyls producer by 2000 and one of
the world's top three acetic acid manufactures by the early
beginning of the 21st century, armed with technology, capital,
and the best human resources
Products : Acetic Acid, Hydrogen, VAM(Vinyl Acetate Monomer)
Joint Venture Agreement between Samsung-BP Chemicals Ltd.
Establish Samsung-BP Chemicals Co., Ltd
of Asian Acetyls Co.,Ltd, a joint venture between
Samsung-BP Chemicals Ltd, and Union Carbide Corporation
*Asian Acetyls (Asacco) started in 1995 as a joint venture between BP (34%), Samsung (33%) and Union Carbide (now part of DOW, 33%). Asacco produces and sells vinyl acetate monomer (VAM).
|1996.10.11||Complete VAM Plant (150 ktes/yr)|
|1997.07.30||Acetic Acid plant debottlenecking (350Ktes/yr)|
Samsung Petrochemical Company (SPC) http://www.myspc.co.kr/eng/about/index.html
Samsung Petrochemical Company (SPC) was established in July 1974 as a joint venture of 50% Samsung, 35% BP (ex-Amoco) and 15% Mitsui Chemicals. Commissioned in 1980 to produce approximately 100,000 tonnes per annum of purified terephthalic acid (PTA) for the first time in Korea, the site contributed greatly to the local polyester industry by supplying domestic PTA, their significant raw material. Consequently polyester business, a basic and core one of then booming Korean industry, enhanced its competitiveness
BP participates in a joint venture in
Samsung Petrochemical Company (SPC) to produce purified
terephthalic acid (PTA) in Korea since 1974. This PTA
joint venture is 47.4% BP, 47.4%
Samsung and 5.2% Shinsegae. PTA is the preferred
intermediate used in the manufacture of polyester resin
for fibres, films, and packaging. The venture is
headquartered in Seoul with two production sites, namely,
Ulsan, and Seosan. SPC total plant capacity for PTA is
about 1.4 million tons per year.
PTA is the significant raw material of domestic polyester fibers and also used worldwide for manufacturing polyethylene terephthalate (PET) resin for applications such as carbonated beverage bottles, etc. and continuously expanded its applications in various areas based its high technology.
Now SPC having its four production units including Seosan PTA at the end of last year produces 1,400,000 tonnes per annum enough to supply reliably to its customers high quality PTA at low price. In addition, it is well known with its environment-friendly operation through advanced technology. The company received a certificate of environment-friendly corporate authorized by the government for the first time among Korean petrochemical companies. Its commitment to environment for better life will continue in the future.
大山 400千トン+200千トン Samsung General Chemicals sold PTA Unit to Samsung Petrochemical
Samsung Petchem to expand PTA capacity by end-2004 to 1.6-mil mt
South Korea's Samsung Petrochemical Co Ltd plans to boost its production capacity of purified terephthalic acid by the end of the year to 1.6-mil mt, up 200,000 mt/yr from its current capacity, the company announced during a press conference on Monday.
Korea's Samsung Total commits new SM capacity to term contracts
its styrene monomer nameplate capacity at Daesan by 130,000
mt/year to 800,000 mt/year through debottlenecking.
第一毛織 Cheil Industries http://www.cii.samsung.com/english
Since established as a parent company of Samsung in 1954, Cheil Industries has been the driving force behind the remarkable development of Korea's textile industry.
Cheil Industries has launched a chemical industry for plastic material that bears the vigorous mark of a secondarily launched enterprise. Indeed, 1989 brought the opportunity to move into the manufacture of ABS and PS and expand our production sector with EPS and SAN . In addition we produce and deliver a broad range of products, including electronic chemical materials such as CMP(Chemical Mechanical Polishing) Slurry, CR(Color Resist), PI(Polyimide), PR(Photo Resist), Electrolyte for second-Li battery, Paste, EMS(Electro-Magnetic Interference Shielding), OPC(Organic Photo Conductor), Ink and highly functional engineering plastic, and are regarded as a truly worldwide resin manufacturer.
- Styrene Polymers: Flame-retardant ABS, flame-retardant HIPS, sheet ABS, transparent ABS, and heat-resistant ABS
- Special Polymers: PC, alloy, other EPs, and super EP
- Artificial Marble: STARON
- Semiconductor Materials: EMC, CMP Slurry
- Display Materials: Diffusion Plate, CR, ACF
- Functional Materials: Paste
→ Hyundai Petrochemical 買い手
Honam Petrochemical and LG Chemical ：full ownership 希望
SK Corp ： other partnersとのshare 希望
→ Korea/ LG Chem and Honam Petrochemical
acquired Hyundai Petrochemical.
Korea's Honam, LG finalize acquisition of Hyundai Petchem
Hyundai Petrochemical to be split into three firms
Hyundai Petrochemical Co., Ltd.
has achieved rapid industrial growth in the domestic
petrochemical industry since its inception in 1988.
Through leading edge technologies and visionary insights, Hyundai Petrochemical has become the premier consolidated petrochemical company in Korea. Hyundai's Daesan Petrochemical Complex, located in the western seaboard south of Seoul, maximizes efficiency and quality control by employing a comprehensive computer automation system that coordinates the entire production process.
From the Naphtha Cracking Center and throughout the production of monomers, polymers, synthetic resins and rubbers, the system requlates stringent quality control measures to provide products with the highest level of quality.
The Daesan Petrochemical Complex is strategically positioned in close proximity to the Hyundai Oil Refinery Co.,Ltd. to facilitate in the supply of base petroleum and to enjoy the wynergistic effects into our globalization strategy.
Furthermore, Hyundai Petrochemical leads the domestic petrochemical industry, a first for a domestic petrochemical company. As the leading and pioneering company in the production of petrochemicals and related technologies, Hyundai Petrochemical has been supplying the global market of over 50% of total production volume to over 60 countries worldwide.
Ws the future unfolds and offers new and exciting challenges, Hyundai Petrochemical will strengthen the investments in R&D to develop new value-added materials in fine chemistry to emerge in the 21st century as leader in the field of petrochemicals.
Korea SK Corp to join bidding for Hyundai Petrochemical
South Korean refiner and petrochemical producer SK Corp has expressed interest in bidding for financially troubled Hyundai Petrochemical Co, officials at SK said Friday. SK would join local Honam Petrochemical and LG Chemical, which are also lining up to place bids for the company.
2003/1/21 Financial Times
Korea/ LG Chem and Honam Petrochemical acquired Hyundai Petrochemical.
Hyundai Petrochemical, which was put up for sale in 1999 because of the size of the parent company's debts, has finally found a buyer. A dozen companies expressed an interest in the acquisition (including Koch Industries). Hyundai's main creditor finally chose to sell the company to a local consortium led by Honam Petrochemical and LG Chem for a reported $1.45 M(Billionの誤り）.
S.Korea Group Named in Hyundai Petro Sale
The main creditor bank for Hyundai Petrochemical Co Ltd named a South Korean consortium Monday as a preferred bidder for the cash-strapped company in a deal industry sources valued at around $1.45 billion.
The spokesman for Woori Bank said Kansas-based Koch Industries Inc was the runner-up bidder for Hyundai Petrochemical. He declined to reveal financial details of the bids.
Koch Industries owns a diverse group of companies that exercise these capabilities on a global scale in core industries such as trading, petroleum, asphalt, natural gas, gas liquids, chemicals, plastics and fibers, chemical technology equipment, minerals, fertilizers, ranching, securities, and finance, as well as in other ventures and investments.
Hyosung adopted Oleflex propane dehydrogenation process of UOP, and started the DH plant operation commercially in 1991. This is the first commercially operated plant of this kind in the world, succeeding to the pilot plant size operation of DH unit in USA by UOP itself.
High purity polymer grade propylene can be produced through the catalyst packed reactors with Continues Catalyst Regeneration section. With the state of art Distributed Control System all process variables can be controlled automatically to maximize the efficiency.
Hyosung Corporation started the polypropylene business with product brand "TOPILENE" in April 1991, by introducing the HYPOL process technology from Mitsui Chemical Inc. of Japan. Soon after the start-up of the HYPOL PP plant, many new products were successfully launched on the market by applying many-years own know-how which was accumulated throughout previous synthetic fiber polymerization experiences.
New capacity was added in 1996, based on UNIPOL PP technology of Union Carbide Corporation of US. With the operation of UNIPOL PP plant, the whole product range of TOPILENE can be widened and become more customer specific, to bring Hyosung great competitiveness worldwide in scale-wise and quality-wise.
Hyosung Corporation keeps introducing new high value-added products in market with constant improvement and development since we well acknowledge the customer value and satisfaction is critical to our success in this limitless global competition era. We are leading Korean PP industry with the introduction of the fourth generation products such as HIPP and Butene Random Copolymer, and will grow along with the customers.
|PP-1 Process||PP-2 Process|
|Gas||Liquid bulk /
|Capacity||165,000 ton/yr||120,000 ton/yr||148,000 ton/yr|
|Licensed by||UOP (US)||MPC (Japan)||UCC (US)|
|Date of Starting||Sep. 1991||Apr. 1991||Dec. 1996|
Honam Petrochemical (Lotte Group) http://www.hpc.co.kr/eng/
Hyundai Petrochemical to be split into LG Daesan Petrochemical, Lotte Daesan Petrochemical and Seetec
Honam Petrochemical completes purchase of KP Chemical
三菱レイヨン、韓国でMMA事業展開 湖南石化と合弁 MMA
Lotte Daesan to use Basell's Spherizone Technology in new PP plant
S Korean Honam Petchem to build, invest in $2.6 bil Qatar plant
Lotte Group working toward merger of three petchem firms
Weifang Yaxing Signs LOI with Honam Petrochemical
Korean Honam takes stake in China top CPE producer
Lotte Daesan, Honam to complete merger January 2
湖南石油化学、マレーシアのTitan Chemicals を買収
Honam Petrochemical to Build U.S. Plastics-Production Plant
1979/12 commercial production of hdpe, pp meg
1988/4 2nd hdpe
1988/11 2nd pp
1991/5 2nd meg
1992/4 ethylene and btx
1997/6 3rd meg
1000/6 synthetic paper
1999/9 3rd hdpe
2001/11 revamping of echylene btx
2001/11 3rd pp
→ ロッテ 57.3%
＊第一化学：三井化学 60.13%、三井物産 32.17%、新日本石油化学 7.7%
1973/11 三井石油化学、三井東圧化学、三井物産の３社、第一化学を設立 1974/6 日本石油化学、第一化学に資本参加 1976/3 第一化学、韓国の麗水石油化学と湖南石油化学を設立 当初は麗水石油化学 35% (ﾛｯﾃ80%）、第一化学 35%、一般株主 30% 2002/12 第一化学、湖南石油化学持株売却完了 2003/6 第一化学 解散
Lotte Daesan to use Basell's Spherizone Technology in new PP plant
Petrochemical Co. Ltd. has selected Basell's Spherizone
technology for a new 250,000 tpa polypropylene
plant to be
built at Daesan, South Korea. Start up of the plant is planned
for Q4-2008. The Spherizone process is an advanced manufacturing
process for the production of polypropylene, using a unique,
state-of-the-art, multi-zone circulating reactor system.
Spherizone plants can produce the full range of polypropylene
grades, as well as new families of propylene based polymers.
Lotte is the Basell's second Spherizone licensee this month, and globally the seventh plant to be built with this technology. Almost 2 mln tons of capacity has already been licensed since the Spherizone process was commercialized about three years ago, reflecting the industry trend to seek additional value through product differentiation.
Chemnet Tokyo 2003/5/30 発表
（１）所 在 地 東京都千代田区 （２）代 表 者 富永紘一（当社専務取締役） （３）資 本 金 3,929百万円 （４）株主構成 当 社 60.13 ％ 三井物産
S Korea's Honam Petrochemical completes purchase of KP Chemical
Honam Petrochemical Chosen as Final Bidder for KP Chemical
KP Chemical today said that through a public offering it has chosen Honam Petrochemical as the final preferred bidder for the company. The consortium of KC Holdings Co. Ltd. was chosen as preparatory preferred bidder.
KP Chemical will go through due diligence and price negotiations with Honam before concluding the takeover by the first half of this year, if possible, an official of the lead-manager for the sale, Samjung KPMG, said. The offered price and exact contract schedule have not yet been publicly released.
KP Chemical, which has been under a workout program by about 40 creditors, led by Woori Bank, since its separation from troubled Kohap Corp. in December 2001, produces materials for polyester products.
It produces nearly 400,000 tons of packaging resin for PET (polyethylene terephthalate) bottles annually, which is 34.5 per cent of the domestic market, the nation's largest share, according to Samsung Securities Co.
KP Chemical's net profit was 20 billion won (US$17.26 million) in January and February, a Woori Bank official said.
The creditors claim 87 per cent of its stake, and the total debt of KP Chemical as of the end of last year was 606.9 billion won.
"If Honam acquires KP Chemical, both companies could enjoy a great synergy effect," a Samjung KPMG official said.
Honam Petrochemical, the sixth-largest domestic producer in the petrochemical industry, turns out 2.57 million tons of 15 petrochemical products annually, according to industry sources.
| Honam Petrochemical
produces 40,000m.t MMA, and sells the whole production to
the domestic market, as a result, although its capacity
is lower than LG MMA, Honam Petrochemical supplies the
most in domestic market currently.
In the end of 2001, when Honam Petrochemical participated in the market by introducing technology from Japan Kuraray, price started falling rapidly and dropped to wan1,200/kg, and to make matters worse, as Formosa started operating 70,000m.t. and planned to participated in the domestic market, Honam Petrochemical had no choice but price cutting to prevent Formosa from participating in domestic market.
Korea Petrochemical Ind. Co 大韓油化（ＫＰＩＣ） http://www.kpic.co.kr/english/
Ever since its establishment in Jun. Of 1970, Korea Petrochemical Ind. Co., Ltd has completed the first polypropylene plant in the 1972 in the spirit of challenge and pioneering.
Through annual increase in its establishment, it has opened the new field of petrochemical industry on this land furnishing the productivity of polypropylene 350 thousand metric tons and high density polyethylene 270 thousand metric tons a year.
ＫＰＩＣの累積債務は 7,000億Ｗ (当時のレ−トで 900億円）で、前年の赤字は 546億Ｗ、９３年赤字は 1,000億Ｗと言われている。
同社は 1991 年に 4,500億Ｗをかけて 250千ｔ/年のエチレンクラッカ−を建設したが、これが経営悪化の要因となった。
1993/8/12 に丸紅が 41.59% の株を放棄し撤退した。
創業者一族 42% （従来 25%）
政府（財務部） 29% ( 17% )
ﾁｯｿｴﾝｼﾞﾆｱﾘﾝｸﾞ 14% ( 8%)
丸紅 0% （ 41.59％）
May 29, 2003 Dow
Samsung General Chem,France's Atofina Sign $1.55B JV Deal
South Korea's Samsung General Chemical Co. (Q.SGC) said Wednesday it signed a final agreement with French chemical company Atofina to launch a $1.55 billion joint venture in South Korea.
Atofina secures joint venture with Samsung GC May 27
Atofina, the chemicals branch of France's Total, Tuesday finalized its 50:50 joint venture with South Korea's Samsung General Chemicals an Atofina's spokesman confirmed Wednesday.
Samsung, Atofina sign joint chemical venture
Samsung General Chemicals Co. signed an agreement with France-based Atofina yesterday to form an equal $1.55-billion chemical joint venture.
Half the equity of Samsung, which is not yet publicly traded, will be handed over to Atofina for $775 million and the joint venture will be officially launched in August.
In return, the deal will secure for Atofina a strategic base in Asia to enter China and other regional markets.
The new company will be named Samsung-Atofina.
Dow Jones Business News
EU OKs Samsung and Total S.A $1.55 Billion JV
The European Union Commission Friday approved South Korean Samsung Group's $1.55 billion chemical 50-50 joint venture with France's Total S.A. (TOT).
EU 2003/7/18 http://europa.eu.int/
Commission clears Samsung's and Total Holding's acquisition of Samsung Atofina Ltd
The European Commission has cleared the acquisition of joint control of the undertaking Samsung Atofina Ltd. ("JV"), Korea, by Samsung General Chemicals Co. Ltd. ("Samsung"), Korea, belonging to the Samsung Group and Total Holdings UK Ltd. ("Total Holdings") belonging to the Total Group ("Total"), France. Samsung Atofina is active in the manufacture of basic petrochemical products and commodity polymers. Samsung is incorporated under the laws of Korea and belongs to the Samsung Group. It is engaged in the manufacture of basic petrochemical products and commodity polymers. Total Holdings is a subsidiary of Total Holdings Europe Ltd. which belongs to the Total Group. Total is involved in oil exploration, development, refining, marketing, trading, shipping and production of base chemicals and commodity polymers. (The operation, notified 18 June 2003, was examined under the simplified merger review procedure)
Chemnet Tokyo 2003/8/4 Homepage
サムスン・アトフィナ(旧三星総合化学)は大山に石化コンビナートを持ち、実質能力はエチレン63万トン、プロピレン32万トン、LDPE 10万トン、lLDPE 125千トン、HDPE 175千トン、EG 11万トン、SM 67万トン、PP 22万トンなど。ほかにBPとのJVで三星石油化学(PTA 140万トン)、三星BP化学(酢酸、酢ビ)をもつ。
August 4, 2002 Samsung-Atofina
Samsung, Atofina launch chemical
Samsung General Chemicals Co. and Atofina, the chemical branch of the French Group TotalFinaElf, launched a 50-50 joint venture, called Samsung-Atofina, yesterday.
2003-8-7 Asia Chemical Weekly
Atofina grasps opportunity for Asia growth
Atofina has to prove now that it can reap real rewards from its investment in South Korea’s Samsung and make the gains it wants from more active participation in China’s petrochemicals markets.
October.26, 2005 Samsung Total Petrochemicals
Samsung Total, Huge ‘Extension Investment’
- NCC・SM Extension and PP Factory
Establishment…Invest 550 billion won by 2007 600億円
- Initiative in main products, ‘Selection and concentration’, Energy-saving and expansion of high 550 value-added products
- Acquiring future growth engine with huge reinvestment.. Presenting successful joint-venture model
Samsung Total(CEO Hong-shik Goh) is initiating new investment of 550 billion won in total to Daesan petroleum chemical complex, South Choongchung, for its world-class competitiveness through complex rationalization.
This investment by Samsung Total is implemented for main products according to its ‘selection and concentration’ strategy. The core plan of the investment includes to increase 200,000 ton of ethylene, 230,000 ton of propylene, and 200,000 ton of SM(Styrene monomer) for NCC(naphtha decomposition factory) and to establish a new factory which produces 300,000 ton of PP(polypropylene).
When Samsung Total possesses production capacity of 830,000 ton of ethylene, 550,00 ton propylene, 870,000 ton SM, and 570,000 ton PP after 2007 of investment completion, it will be one of the best petroleum chemical complex in the world.
[See Table 1 and 2]
[Table 1] New Extension, Investment Plan for Daesan Youhwa Complex of Samsung Total
|Expected completion year||Yearly
|NCC||Fist half of 2007|
|-Propylene||320,000||230,000||Fist half of 2007||550,000|
|SM||670,000||200,000||Second half of 2007||870,000|
[Table 2]Product Purpose for Newly- Factory
|Ethylene||Basic material for Polyethylene, synthesized resin, and Ethyleneglycol of synthesized textile material|
|Propylene||Basic material for polypropylene of synthesized resin|
|SM (Styrene Monomer)||Material for PS, ABS, which is exterior/interior parts of electric/electronic products and automobile|
(PP , Polypropylene)
|Exterior/interior parts of electric/electronic products and automobile|
The PP unit will use Basell's Spherizone technology--the first time the process has been used in Asia and the first time Total has employed it at one of its PP plants, Total says.
Korea Samsung Total to expand benzene,PX units by mid-2009
South Korea's Samsung Total Petrochemicals Company (SPC) is looking to expand its benzene capacity at its No 2 aromatics reformer by 90,000 mt/year by mid-2009, company sources said Monday.
Alongside with the expansion of its No 2 aromatics reformer, the company's current 600,000 mt/year paraxylene plant will also be increased by 270,000 mt/year to 870,000 mt/year.
The sources added that after SPC's No 2 aromatics reformer expansion was completed, the benzene output will be fully channeled into its expanded styrene monomer plant. Following the company's increase of its SM plant capacity by 200,000 mt/year to 840,000 mt/year at the end of June next year, SPC will be short of almost 6,000mt of benzene each month until mid-2009, when the expansion of its No 2 aromatics reformer was completed.
Oct 17, 2007 (M2
EQUITYBITES via COMTEX)
Total announces start-up of new polypropylene production line at Daesan Plant in South Korea
Total, an oil and gas group, declared on 16 October that the new polypropylene production line at its Daesan plant in South Korea is currently online.
The new unit has a capacity of 300,000 tons per year, bringing the total polypropylene capacity of the plant, in which it owns a 50% interest in partnership with Samsung, to 554,000 tons per year.
In addition, the company has completed the expansion of the naphtha cracker, with the updating of the associated downstream units, boosting the ethylene capacity of the cracker from 600,000 to 820,000 tons per year.
The company also said one styrene monomer unit has been expanded from 380,000 tons to 600,000 tons per year, including the conversion of the ethylbenzene section from gas to liquid phase, and incorporating energy-efficient multi-effect distillation in the purification section. The styrene production in the Daesan facility is currently 850,000 tons per year.
According to Total, the Daesan facility expansion project will allow it to consolidate its commercial position in the Asian countries, in particular on the Chinese markets.
Oct 16 (Reuters)
French energy group Total on Tuesday announced the start-up of a new polypropylene production unit at South Korea's Daesan plant, which it jointly owns with Samsung Group.
The new unit, with a capacity of 300,000 tonnes per year, will bring the total polypropylene capacity of the plant to 554,000 tonnes per year, Total said in a statement, adding the expansion project would allow it to strengthen its position in Asia, and China in particular.
Total has recently completed an expansion of the naphtha cracker at Daesan, boosting its ethylene capacity to 820,000 tonnes per year, from 600,000 tonnes per year.
The Samsung Total Petrochemicals joint-venture was created in April 2003, with Total and Samsung each holding a 50 percent stake.
In June, the Korea Economic Daily said Samsung Total would invest another 400 billion won ($384.3 million) next year to raise its output capcity, and that it was considering building a production plant in the Middle East.
But Total Petrochemical, a unit of Total, denied this was the case.
Yes, it is the new 400 kt/a ABS project of PetroChina Jilin Petrochemical Co.
Jilin Petrochemical held a groundbreaking ceremony in Jul. 2009 for 2 ABS line and a 10 Mt/a refinery.
CB&I awarded contract from Jilin
CB&I announced today that Petrochina Jilin Petrochemical Company (Jilin) has awarded a contract to Lummus Technology, a CB&I company, for the license and process design of a grassroots ethylbenzene and styrene monomer (EB/SM) plant in Jilin, China. It has a design capacity of 320,000 metric tonnes of styrene monomer per annum and will utilize proprietary technologies provided by Lummus/UOP to minimize costs while providing exceptional reliability and product quality.
The plant, expected to start up in 2011, is the second EB/SM plant awarded to Lummus Technology by Jilin. Styrene is used to make products in the plastics and rubber industries including food containers, insulation and automobile parts.
PetroChina Expands Jilin Refinery Capacity by 43%, Xinhua Says
PetroChina Co. is expanding its refinery in the northern province of Jilin, the official Xinhua News Agency said, citing an unnamed official at the plant.
The company is increasing the refinery’s capacity to 10 million metric tons a year, or 200,000 barrels a day, from 7 million tons annually, the news agency said.
現在の能力はPS 14万トン、EPS 8万トン、ABS 42万トン、PC 65千トンとなっている。
PARALLEL PETROLEUM LLC is an
independent energy company headquartered in Midland, Texas, engaged in the
acquisition, development and production of long-lived oil and natural gas
properties. Parallel utilizes 3-D seismic technology, advanced drilling and
completion techniques, and enhanced oil recovery processes. The Company's
current operations are primarily concentrated in the Permian Basin of West Texas
and New Mexico, the largest onshore oil and natural gas basin in the United
Parallel Petroleum LLC aggressively pursues growth opportunities in the continental United States and is an affiliate of funds managed by Apollo Global Management, LLC and its subsidiaries, a leading global alternative asset manager.
January 27, 2012 Total
Major Expansion and Upgrade Project at
Samsung Total Petrochemicals’ Complex in Daesan, South Korea
Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals 50/50 joint venture.
With costs approaching $1.8 billion, the project calls for the construction of a second aromatics1 unit and an ethylene-vinyl acetate (EVA) copolymer unit at the Daesan petrochemical complex.
The new aromatics unit will have a production capacity of around 1 million metric tons of paraxylene and 420,000 metric tons of benzene per year and will be completed by September 2014. Paraxylene is used to manufacture polyester, while benzene is used to produce petrochemical products such as styrene2.
With the completion of the aromatics unit in 2014 and the upgrade of existing paraxylene capacity (610→760千トン）in 2012, total paraxylene production capacity will be increased to 1.76 million metric tons.
The new EVA unit will produce 240,000 metric tons per year of ethylene-vinyl acetate copolymers. This resin is used in products such as electrical cables, adhesives and solar panels. Environmentally friendly and versatile, EVA is expected to see continued growth in demand.
"This investment project in partnership with Samsung is aligned with Total’s strategy of expanding in growth markets. It gives us the strong base we need to maintain our position as a leading supplier of value-added products to meet demand in Asia, especially China,” said Patrick Pouyanné, President of Total’s Refining - Chemicals business. “We are pursuing our strategy of focusing our spending on our most efficient integrated platforms, such as the Daesan complex.”
The Daesan petrochemical complex is a world-class facility that manufactures four main products — polypropylene, polyethylene, styrene monomer and paraxylene. Fifty percent of its output is exported, primarily to China.
Samsung Total Petrochemicals
Set up in 2003, Samsung Total Petrochemicals is a 50/50 joint venture between Total and Samsung. It combines Total’s recognized technological expertise and production capabilities with Samsung’s acknowledged operational excellence and access to local markets. The joint venture supplies a wide range of products, from building block intermediate chemicals to polymers used in everyday products.
Total in South Korea
Total’s presence in South Korea extends beyond Samsung Total Petrochemicals to lubricants, LNG, alternative energies, adhesives (through Bostik), antivibration systems (through Hutchinson) and electroplating (through Atotech).
1 Benzene and paraxylene production unit. Derived from oil, these two base chemicals are raw materials for polymers, which are used in the manufacture of plastics.
2 Styrene is a building block intermediate chemical used in the manufacture of many plastics.