Hyundai Chemical lets contracts for Daesan petchem complex
Hyundai Chemical has let a contract to W.R. Grace & Co. to provide technology licensing for a grassroots polypropylene unit at its Daesan petrochemical complex under construction in Chungcheongnam-do Province, South Korea.
Hyundai Chemical Co. Ltd., a joint venture of Hyundai Oilbank Co. Ltd. and Lotte Chemical Corp., has let a contract to W.R. Grace & Co. to provide technology licensing for a grassroots polypropylene (PP) unit at its Daesan petrochemical complex under construction in Chungcheongnam-do Province, South Korea.
As part of the contract, Grace will license its proprietary UNIPOL PP process technology as well as its CONSISTA catalyst for the 250,000-tonne/year unit, the service provider said.
The UNIPOL PP unit, which will be used to produce high-end, specialty-grade random copolymer resins, comes as part of a larger cracker complex that is scheduled to begin operations in 2021, Grace said.
The service provider did not disclose a value of the contract.
This latest contract follows Hyundai Chemical’s previous award in May to Univation Technologies LLC to provide its UNIPOL PE technology for a 300,000-tpy high-density polyethylene (HDPE) plant at the Daesan site.
As part of that contract, Univation will deliver a broad range of its HDPE product technology portfolio, including the ACCLAIM K-100 catalyst series for advanced HDPE products such as film, large part blow molding, and geomembrane applications, the service provider said in a May 20 release.
Additionally, Hyundai has taken advantage of the flexible design of its UNIPOL PE Reactor line by investing in future production capabilities for both linear-low density polyethylene (LLDPE) and metallocene polyethylene products, according to Univation.
As part of the project, Univation said it also will implement its latest process control system, PREMIER APC+ 2.0, to deliver process control specifically designed for UNIPOL PE technology to maximize production rates, enable product transitions, and enhance overall economic performance.
Univation, however, did not disclose further details regarding a value of the contract or a timeline for the project’s completion.
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