Hyundai Chemical to commence production of mixed xylene, light naphtha at new splitter

17-Nov-16

South Korea's Hyundai Chemical, a joint venture between Hyundai Oilbank Co and Lotte Chemical, has finished building a US$1.02 bln condensate splitter to produce mixed xylene and light naphtha, as per Reuters. The plant is expected to start operating this month.
The 130,000 bpd condensate splitter in Daesan on the country's west coast will churn out 1.2 mln tpa of mixed-xylene and 1 mln tpa of light naphtha
By processing ultra-light oil condensate, the splitter can also produce about 50,000 barrels of refined products including diesel and jet fuel, and will will increase Hyundai Oilbank's total refining capacity to 520,000 bpd from 390,000 bpd.

The Mixed xylene will be supplied to Lotte Chemical and Hyundai Cosmo, jointly owned by the refiner and Japan's Cosmo Oil Co, which could replace about 1 trillion won of imports a year. Light naphtha will be consumed by Lotte Chemical for its petrochemical production.