Thursday, March 16, 2017

Hanwha Chemical, hydrogenated hydrocarbon resin business expansion

[Korea's financial standing hyomun newspaper reporter (hydrogenated or less), Hanwha Chemical entered the oil and hydrogenated resins business.

Hanwha Chemical has recently come deuleogatdago Yeosu National Industrial Complex operations within five tons of plant construction in 2019 aims to enter the market said Thursday. Scale investment is 130 billion won.

What would a hydrogenated hydrocarbon resin hydrogenated in the C5 petroleum resin made of a type of oil that is produced from naphtha cracking process. It is colorless and odorless and non-toxic mainly used as raw material for diapers, sanitary napkins, etc. for industrial adhesives and adhesive products. Eastman major foreign producers, such as Exxon Mobil and has a stable growth around 7% annually by about 40 million tons of last year, the world market level. The Asian market is particularly fast growth rate of the hygiene market due to increased population growth and income levels are expected to grow by an annual average over the next 10%. The demand characteristics of the product market faster with a variety of customized product development trend change is essential and needs a high level of skill in the hydrogenation process is stable in the high barriers to entry fluctuations.

Hanwha Chemical has secured the applied technology that can adjust the adhesive according to the various conditions. Another stable raw material supply is available, and a description of it the company that through jariphwa core catalyst technologies of hydrogenation processes to lower production costs by dramatically generic products than doubled over possible high returns through long-term contract with a subsidiary of Yeocheon NCC to be. Meanwhile, Hanwha Chemical has a goal above the hydrogenated hydrocarbon resin 1 global market to strengthen synergies with the existing adhesive resin for business.

Meanwhile, Hanwha Chemical has laid the foundation to diversify its business structure by utilizing advanced to the C5 fraction from the existing center C2 (ethylene) Business Business. Hydrogenated hydrocarbon resin business, as well as plans to continue to promote a variety of specialty products business expansion.

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