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Hanwha General Chemical
Hanwha General Chemical was established in 1974 and then acquired by the Hanwha Group in 2015. We were the first company in South Korea to localize production of purified terephthalic acid (PTA). A primary component in many types of polyester, PTA is used in clothing, industrial fibers, film, and paint. And its applications are expanding dramatically.
Today, we have an annual capacity of two million tons, helping us to be No. 1 in both production capacity and market share in South Korea. Our experience and technology has also been recognized worldwide. We leveraged our many years of expertise and our PTA processing technology in the Middle East back in 2010. Since joining the Hanwha Group, we have enhanced our cost competitiveness by creating synergies with chemical affiliates and diversifying our markets through management and sales innovation.
We are actively diversifying into markets in China, Europe, the Middle East, and the US as part of our plan to expand globally. By committing deeply to R&D on PTA technologies and related businesses in the value chain, we expect to become stronger for greater growth in the near future.
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Hanwha's businesses span chemicals & materials, aerospace & mechatronics, solar energy, finance,
leisure & lifestyle, and construction. Through the integration of our growing number of affiliate enterprises worldwide, we are harnessing the power of sustainable, quality growth to continually increase the value we bring to our customers.
- Hanwha Chemical Established in 1965, Hanwha Chemical is a comprehensive chemical company with streamlined production systems for polyethylene (PE), polyvinyl chloride (PVC), and chlor-alkali (CA). As South Korea’s leading petrochemical company, we are highly influential in the nation’s chemical industry, producing high-quality PVC, CA, and low-density polyethylene (LDPE) at competitive prices. In 2012, we successfully commercialized high-density ethylene vinyl acetate (EVA) for the first time in South Korea. Just four years later, we also localized the production of chlorinated polyvinyl chloride (CPVC), enhancing the quality of our PVC. More recently, we’ve been building a production line that can produce up to 30,000 tons of CPVC annually. We have partnered with the Korea Advanced Institute of Science and Technology (KAIST) to establish the KAIST-Hanwha Chemical Future Technology Research Center, a significant step forward to further enhance quality and continue our incredible pace to innovate.
- Hanwha Total Petrochemical Since its founding in 1988, Hanwha Total Petrochemical has tirelessly led South Korea’s petrochemical industry with technology innovation and global expansion. In a 2003 joint venture with the Total Group, a major French energy and chemical company, we formed a global energy and chemical company, a strong platform for growth. After becoming a Hanwha affiliate in 2015, we achieved a record-breaking business performance.
- Yeochun NCC Yeochun NCC operates the world’s leading naphtha-cracking facility in the Yeosu National Industrial Complex, located on the southern tip of the Korean Peninsula. Established in 1999 from the merger of naphtha-cracking facilities owned by Hanwha and Daelim, their fifty-fifty joint venture annually produces 1.91 million tons of ethylene, 970,000 tons of propylene, and 2.32 million tons of various petrochemical feedstocks, including benzene, toluene, xylene, styrene monomer, and butadiene.