Hyundai Chemical to spend 2.7 trillion won on petrochemical plantHyundai Chemical said Monday it will invest 2.7 trillion won ($2.2 billion) to build a petrochemical plant.
Hyundai Chemical will complete the construction of the plant in Daesan petrochemical complex in Seosan, South Chungcheong, by 2021.
The plant will have an annual production capacity of 750,000 tons of polyethylene and 400,000 tons of polypropylene.
Hyundai Chemical — a 60:40 joint venture between Hyundai Oilbank and Lotte Chemical — produces petroleum products, such as liquefied petroleum gas, naphtha, kerosene and diesel, as well as petrochemical products, including benzene.
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