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Hanwha Total Petrochemical
Hanwha Total Petrochemical is a comprehensive chemical and energy company that produces high value-added chemical and energy products. We continue to dominate our market and grow as South Korea’s leading company through product innovations, strategic diversified investments, and economies of scale.
Since its founding in 1988, Hanwha Total Petrochemical has led the growth of the petrochemical business in South Korea through technological innovations and by executing its market expansion strategy successfully. In 2003, Hanwha Total Petrochemical set out to build a foundation to become a global chemical and energy company. The company executed this 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 exhibited solid financial performances. The product portfolio of Hanwha Total Petrochemical includes basic chemicals, such as ethylene, propylene, and butadiene. Hanwha Total Petrochemical also produces base chemicals like styrene monomer, paraxylene, and ethylene glycol. With 18 plant units in the Daesan Petrochemical Complex, the company is able to produce a wide range of products from those needed for energy, such as gasoline, diesel, jet fuel, and liquefied petroleum gas, to polymers that are used in feedstock materials, such as polyethylene and propylene.
We are the only company in South Korea that operates a naphtha-cracking center (a core facility in our petrochemical plant), a condensate fractionation unit (a refining facility), and an aromatics plant, all in one single complex. This complex represents a successfully organized vertical system—from sourcing to producing to distributing the final products. The efficiency we’ve achieved with this system allows us to diversify our business portfolio and pursue stable growth. In 2010, after registering our refining business with the South Korean Ministry of Trade, Industry & Energy (MOTIE), we began as a full-fledged energy business. Since 2017, we have a proven track record of successfully completing a portfolio of large-scale additional production facilities. We now produce 1.53 million tons of ethylene, 2 million tons of paraxylene, 1.04 million tons of styrene monomer, and 1.12 million tons of polypropylene annually.
We have the No. 1 market share in numerous markets: EVA used in solar cells, HDPE used in bottle caps, EVA used in extrusion coating, flow mark free polypropylene (FMF PP) used in automotive composite materials, high isotactic polypropylene (HIPP) used in electronic applications, and protective polypropylene films for display products. These products have been recognized as World Class Products by MOTIE. We attribute our success, not only to the vertical system we employ and our product diversifications, but also to the vast and global network of the Hanwha Group.
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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 Solutions Hanwha Solutions is a newly formed corporation with the merger of Hanwha Chemical, Hanwha Q CELLS, and Hanwha Advanced Materials in January of 2020. Hanwha Solutions operates in three business areas: chemicals, total energy solutions, and advanced materials.
- Hanwha Impact Hanwha Impact is leading the change for a sustainable future with low-carbon, sustainable energy, and innovative future-ready projects.
- 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.