[Korea gimdohyeon financial newspaper News] Nancy Hanwha Total net income increased approximately 2-fold (CEO Kim Huicheol) is to strengthen the core business competitiveness boldly jump into the expanded core facilities. Raise the width and intensity of the rise is interpreted to be the intended.
Hanwha Corp. announced Wednesday that a total of 12 days the final approval of NCC side gas cracker and gas turbine generator capacity by the Board of Directors. Investment is targeted for completion by June 2019 a total of 539.5 billion won.
Hanwha Total are expected to be able to produce an additional 310,000 tons per year of ethylene, 130,000 tons of propylene through this expansion project. Annual ethylene, propylene yield of the end of this extension is Hanwha total increase to 140 million tons, 1.06 million tons, respectively.
NCC side cracker gas to the total introduced Hanwha is a plant for producing a petrochemical raw materials such as ethylene, propylene with propane as a starting material. Less investment than the typical NCC, the economy is higher than the low price of naphtha propane available for use as a raw material.
Because, Hanwha is expected to total due to the reduction in capacity expansion coal chemical plant due to low oil prices, China's ethylene downstream product demand entry to the ethylene market recovery from 2019, and the timely reporting of the NCC in the expansion now.
Hanwha Total is expected to maximize the synergies between the existing plant and NCC NCC side gas cracker capacity at this time to ensure that world-class plant operating efficiency.
Hanwha total is expected to be introduced during the expansion GTG also with NCC this side gas cracker. GTG is representative jangchida to increase the energy efficiency of the petrochemical plant in a power plant to produce electricity and the like by-produced methane as a raw material in the NCC.
Hanwha's total self-introduction GTG This development increases the rate to 42% and more just raised my power supply stability. By deongdalahseo produce power by utilizing by-product raw utility costs are to enjoy a prized double effect.
Thanks has attracted anticipate the effect of increasing sales of about 590 billion won annually.
Hanwha Total official said, "When this expansion is a proactive response to the global petrochemical paradigm changing, and the project for equipping the cost competitiveness of the world's highest level," said "expansion is completed in cost competitiveness and energy efficiency a global top-level NCC plant is improving, "he explained.
This filial a total of Hanwha acquired after Hanwha Group is expected to show a frightening growth through aggressive investment.
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