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Hanwha Total Petrochemical

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.

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 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. In 2014, we made the biggest investment since establishing the business by building an additional aromatics plant, a condensate fractionation unit and an ethylene-vinyl acetate (EVA) plant. With the additional production facilities, we now produce 1.09 million tons of ethylene, 2 million tons of paraxylene, and 1.06 million tons of styrene monomer annually.

We have the No. 1 market shares in the EVA used in solar cells, HDPE used in bottle caps, the EVA used in extrusion coating, and flow mark free polypropylene (FMF PP). 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 power and vast global network of 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.

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