Products & Services > Affiliates > Hanwha Chemical
Established in 1965, Hanwha Chemical is a total solutions chemical company with streamlined production systems for polyethylene (PE), polyvinyl chloride (PVC), and chlor-alkali (CA). As South Korea’s leading petrochemical company, we dominate the nation’s chemical industry with high-quality PVC, CA, and linear low-density polyethylene (LLDPE) that we offer 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 localized the production of chlorinated polyvinyl chloride (CPVC), enhancing the quality of our PVC.
We obtained the New Technology Certification from the Korean Agency for Technology and Standards and, in 2017, we built a production line that could produce up to 30,000 tons of CPVC annually. We partnered with the Institute of Chemical Process at Seoul National University and the Korea Advanced Institute of Science and Technology (KAIST) to establish joint research centers. It was a significant step toward enhancing quality and accelerating the pace of innovation.
We continue to improve production efficiency and cost competitiveness while meeting the growing demand for our products around the world. Our PVC plant, completed in 2011 in Ningbo city in China’s Zhejiang Province, was built to produce up to 300,000 tons of PVC annually. Today, with continuous improvements in the production process, the plant is producing 350,000 tons of PVC each year. In Bang Phli, Thailand, we built an alkali soluble resin plant with an annual capacity of 17,000 tons. This facility serves as an important base of operations as we enter other markets in Southeast Asia.
Hanwha Chemical was the first South Korean petrochemical company to tap into new business opportunities in the Middle East. We signed joint venture contracts with International Polymers Company, a private petrochemical company in Saudi Arabia, and Gulf Advanced Cable Insulation Company in 2009. In 2015, we achieved cost reductions and economies of scale as our joint venture with International Polymers began to produce EVA and LDPE. With Gulf Advanced Cable Insulation, we are producing wire and cable compounds.
In 2016, we strategically acquired a company to maximize the synergy in production processing of CA and vinyl chloride monomer (VCM) while enhancing our production efficiencies with toluene diisocyanate (TDI), a raw material for polyurethane products.
In our upstream solar businesses, we’re continuing our investments in infrastructure and working to become a global leader. One of our facilities alone can annually produce up to 15,000 tons of polysilicon. Our facilities employ advanced technologies that produce environmentally-friendly products, such as ECO-DEHCH, an eco-friendly premium plasticizer. They represent our commitment to a better environment for a better tomorrow.
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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 General Chemical Hanwha General Chemical was established in 1974 and then acquired by Hanwha Group in 2015. It was 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. The applications for PTA are expanding dramatically.
- Hanwha Total Petrochemical Since its founding in 1988, Hanwha Total Petrochemical has led the growth of the petrochemical business in South Korea through technology innovations and market expansion strategy. In 2003, Hanwha Total Petrochemical set out to build a foundation to become a global chemical and energy company. The company executed its plan by forming a joint venture with the Total Group, a major French company in the energy and chemical industry. Since then, and after becoming a Hanwha affiliate, Hanwha Total Petrochemical has achieved a record-breaking financial performance.
- Yeochun NCC Yeochun NCC operates the world’s leading naphtha-cracking facility in the Yeosu National Industrial Complex. The facility was built in 1999 and is located on the southern tip of the Korean Peninsula. Yeochun NCC represents a fifty-fifty joint venture between Hanwha and Daelim, two South Korean conglomerates that own naphtha-cracking facilities. The facility annually produces 1.95 million tons of ethylene, 1.11 million tons of propylene, and 5.50 million tons of various petrochemical base materials, including benzene, toluene, xylene, styrene monomer, and butadiene.