Samsung Total to invest US$1.4 bln in a paraxylene plant at Daesan

The board of directors of Samsung Total Petrochemicals has approved an investment outlay of Won 1.66 trillion (US$1.44 bln) to build a new 1 mln tpa paraxylene plant at its Daesan complex, as per Platts. The company’s paraxylene capacity will increase to 1.6 mln tpa when the new plant comes on line in September 2014. Samsung Total is a 50-50 joint venture between South Korea's Samsung Group and the French chemical group Total.
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