Total to expand petrochemical complex in South Korea
French oil and gas firm Total has unveiled plans to expand and upgrade the Daesan petrochemical complex located in South Korea.
The expansion project includes the construction of a second aromatics unit and an ethylene-vinyl acetate (EVA) copolymer unit at the pet-chem complex at a cost of $1.8bn.
The new aromatics unit will have a production capacity of around 1 million metric tons of paraxylene and 420,000 metric tons of benzene per year
Furthermore, the new EVA unit will also produce 240,000 metric tons per year of ethylene-vinyl acetate copolymers.
Work on the complex is scheduled to complete by September 2014.
The company's total paraxylene production capacity will increase to 1.76 million metric tons with an upgrade of existing paraxylene capacity in 2012.
Total and Samsung jointly as Samsung Total Petrochemicals own the Daesan petrochemical complex in a 50/50 joint venture.
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