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People & Business :: Companies

Honam Plans Big Expansion of Yeosu Petchems Complex

2:21 AM MST | February 10, 2010 | Natasha Alperowicz

Honam Petrochemical plans to spend won530 billion ($456.2 million) to expand its Yeosu, Korea petrochemical complex, CW has learned. The company will hike the capacity of its cracker from 750,000 m.t./year of ethylene to 1 million m.t./year and build new polyethylene (PE) and polypropylene (PP) plants at the site. Completion of the projects is scheduled for the beginning of 2013. The Yeosu cracker is based on Lummus's technology and, on completion of the expansion, will co-produce about 500,000 m.t./year of propylene. Honam currently makes 380,000 m.t./year...

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