SEOUL, May 5 (Korea Bizwire) — Hanwha Total Petrochemical Co. said Wednesday that it has completed a 530 billion won project to boost production capacity of polypropylene and ethylene in South Korea. The company invested 380 billion won (US$337 million) in building a new polypropylene line with an annual capacity of 400,000 tons at the [...]
SEOUL, Sept. 25 (Korea Bizwire) — A “Direct Conversion Technology of Non-oxidative Methane” owned only by the U.S. and China has been developed by Korean researchers. Analysts say it will change the landscape of the global petrochemical industry. A research team from the Korea Research Institute of Chemical Technology (KRICT) said on Tuesday that it [...]
SEOUL, May 10 (Korea Bizwire) — Lotte Chemical Corp., a unit of retail-to-construction conglomerate Lotte Group, said Friday it will start commercial production at its plant in United States this month. In a joint project with Westlake Chemical Corp., Lotte Chemical completed the construction of the 3.6 trillion-won (US$3.1 billion) ethylene plant in Louisiana late [...]
DAEJEON, Apr. 29 (Korea Bizwire) — A South Korean research team led by professor Song Hyun-joon from Korea Advanced Institute of Science and Technology (KAIST) developed an electrocatalyst that turns more than 70 percent of carbon dioxide into ethylene without causing significant byproducts. Ethylene is one of the primary materials used in the petrochemical industry, [...]
SEOUL, Jan. 24 (Korea Bizwire) – Samsung Engineering Co. said Wednesday it has received a US$436 million order to build a petrochemical plant in Thailand by 2020. PTT Global Chemical Public Co., a Thailand state-owned petrochemical and refining company, placed the order at a consortium led by the Korean plant builder, Samsung Engineering said in [...]