MOSCOW (MRC) -- Hyosung Vietnam started trial operation at its newly constructed polypropylene (PP) plant in Ba Ria Vung Tau province on 12 February 2020, reported CommoPlast with reference to market sources.
This is the No. 1 PP unit that has an annual capacity of 300,000 tons/year.
The company might be able to commence commercial production on 18 February 2020 would the trial run produces on-spec cargoes, sources added.
As part of the Phase – I project, the company also builds an underground a liquefied petroleum gas (LPG) storage.
In the meantime, the Phase – II project is still under construction, which houses a propane dehydrogenation (PDH) plant and No. 2 PP unit that could produce another 300,000 tons/year.
As a result, the No. 1 PP plant is currently operating using propylene (C3) cargoes from external sources.
As MRC informed earlier, Hyosung Corp. plans to invest USD1.2-billion in a two-phase project, which involves construction of PP plants and LPG warehouse at the Cai Mep Industrial Zone in Vietnam.
According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
Hyosung Corporation is a Korean industrial conglomerate, founded in 1957. It operates in various fields, including the chemical industry, industrial machinery, IT, trade, and construction.
MRC