In South Korea, Total and Hanwha are partners at the Daesan refining and petrochemicals platform, which was recently upgraded to double its production capacity.
The Daesan refining and petrochemicals platform in South Korea gives us a strategic position in Asia. A nearly $2 billion upgrade completed in late 2014 doubled the site’s production capacity to meet the strong growth in demand for plastics in Asia, notably in China.
A new expansion, scheduled for completion in 2019, will significantly enhance the site’s flexibility by allowing it to process propane, a cheap feedstock in plentiful supply since the shale gas revolution in the United States.
In addition to petroleum products such as kerosene, diesel and gasoline, the Daesan site also manufactures polypropylene, polyethylene, styrene, paraxylene and ethylene-vinyl acetate (EVA) copolymer. All are essential for manufacturing many everyday products.