Ulsan PP breaks ground on new polypropylene facility in South Korea

Specifications:

Name:

Ulsan PP breaks ground on new polypropylene facility in South Korea

Location:

South Korea

Company:

Lyondellbasell

Estimated Cost:

-

Source:

lyondellbasell.com

Introduction:

LyondellBasell today announced that Ulsan PP Co., Ltd., a joint venture between PolyMirae Company Ltd, a 50-50 partnership of LyondellBasell and Daelim, and SK Advanced broke ground in the southeastern port city of Ulsan, South Korea.

Featurers:

This new plant will utilize LyondellBasell’s world leading fifth generation Spheripol technology and is expected to begin production in May 2021. With its 400 kiloton annual capacity, the facility will be one of the largest polypropylene plants of its kind in Asia.

The Ulsan PP plant will leverage a vertically integrated value chain of SK, converting propane supplied by SK Gas to propylene by SK Advanced and finally to polypropylene with LyondellBasell’s leading Spheripol PP process technology. Through this integrated value chain approach, the companies will enhance the stable supply of raw materials, operational efficiency and responsiveness to market changes.

PolyMirae will offtake all polypropylene produced by Ulsan PP which will be sold to customers in South Korea through PolyMirae and exported throughout Asia through LyondellBasell and Daelim, utilizing their superior market knowledge and expertise.