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Hanwha General Chemical
Hanwha General Chemical was the first company in South Korea to localize production of purified terephthalic acid (PTA). We’re maintaining our No. 1 domestic market share while exporting our process technology to enter into new businesses.
Hanwha General Chemical was established in 1974 before being acquired by the 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.
Today, our annual PTA production of two million tons, makes us No. 1 in both production capacity and market share in South Korea. Our experience and technology are recognized worldwide. We have leveraged many years of our expertise and applied our PTA processing technology—technology that we’ve proven since 2010 in the Middle East.
And since joining the Hanwha Group, we have become more globally competitive by creating synergies with chemical affiliates and diversifying our markets through innovative management and sales practices.
In June 2017, we established Hanwha Solar Power to serve as a growth engine for our PV business and to advance our mid- to long-term growth beyond our single PTA business. In 2021, we also acquired Power Systems Mfg., LLC (PSM), an American company, and Ansaldo Thomassen B.V (ATH) of the Netherlands, which possesses hydrogen combustion technologies. Based on this, we partnered with Korea Western Power to demonstrate hydrogen combustion technology.
Today, Hanwha General Chemical is working hard to promote and invest in hydrogen energy to create a hydrogen economy ecosystem. At the same time, to be more globally competitive, we’re working to improve our PTA-related technologies and develop related businesses in the value chain we have built over the last 40 years.
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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 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.
- 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.