South Korean Samsung Total Petrochemicals Co. Ltd. has plans to boost ethylene capacity by almost 30% in about two years, from the current 650,000 tpa to 850,000 tpa.
Samsung Total, an equal joint venture between unlisted Samsung General Chemicals and French oil major Total SA , plans a revamp at its naphtha cracking plant to boost ethylene capacity. Also under consideration are plans to expand capacity at its polypropylene (PP) and styrene monomer (SM) lines by 200,000 tpa to 870,000 tpa. Initial estimates peg the cost of expansion at approx US$395 million.
On approval from the Board of directors, the expansion work is aimed to commence by the second half of the year, and is expected to take about one and a half years for completion.