HomenewsChemical

  • (LEAD) Exports soar 81 pct in first 10 days of May

    • May 11, 2021
    • Posted by: ssr
    • Category: Chemical
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    05111
    (LEAD) Exports soar 81 pct in first 10 days of May (ATTN: REWRITES lead; UPDATES with more details from 3rd para; ADDS photo) By Kim Soo-yeon   SEOUL, May 11 (Yonhap) -- South Korea's exports soared 81.2 percent on-year in the first 10 days of May as shipments of chips, autos and petroleum goods remained
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  • Hanwha Total completes W530b expansion of Daesan plant

    • May 10, 2021
    • Posted by: ssr
    • Category: Chemical
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    0511
    Hanwha Total completes W530b expansion of Daesan plant Hanwha Total’s petrochemicals plant in Daesan, South Chungcheong Province (Hanwha Total)   Hanwha Total has completed the expansion of its petrochemicals plant in Daesan, South Chungcheong Province, to ramp up the production of polypropylene and ethylene, the company said Wednesday. The 530 billion-won ($472 million) project, which
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  • Refiners set to turnaround in Q1 on rising oil prices, cracking margins

    • May 10, 2021
    • Posted by: ssr
    • Category: Chemical
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    0510
    Refiners set to turnaround in Q1 on rising oil prices, cracking margins S-Oil officials check by-product gas pipelines at its Ulsan plant. (S-Oil) South Korea's oil refining industry is expected to rebound in the first quarter thanks to surging global oil prices and a recovery in refining margins after hemorrhaging from the pandemic-driven slump last
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  • Hyosung Chemical: PP/DH Business Driving Earnings Growth

    • May 6, 2021
    • Posted by: ssr
    • Category: Chemical
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    Hyosung Chemical: PP/DH Business Driving Earnings Growth   The author is an analyst of NH Investment & Securities. He can be reached at  ys.hwang@nhqv.com. -- Ed.   Backed by increased demand for premium products in the US and Europe, Hyosung Chem’s petrochemical business looks set to enjoy significant earnings improvement moving ahead. In 2H21, the
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  • Hanwha Total expands production capacity of polypropylene and ethylene

    • May 6, 2021
    • Posted by: ssr
    • Category: Chemical
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    Hanwha Total expands production capacity of polypropylene and ethylene SEOUL, May 5 (Yonhap) -- Hanwha Total Petrochemical Co. said Wednesday that it has completed a 530 billion won project to boost production capacity of polypropylene and ethylene in South Korea.   The company invested 380 billion won (US$337 million) in building a new polypropylene line
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  • LG Chem posts the biggest quarterly sales and operating profits

    • May 3, 2021
    • Posted by: ssr
    • Category: Chemical
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    0503
    LG Chem posts the biggest quarterly sales and operating profits Revenue of 9.65 trillion won in first quarter, up 43.4% year-on-year LG Chem made an announcement on April 28 that it achieved its biggest quarterly management performance of 9.65 trillion won ($8.7 billion) in sales and 1.408 trillion won in operating profit in the first
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  • (2nd LD) S-Oil shifts to black in Q1 on higher petrochem margins

    • April 28, 2021
    • Posted by: ssr
    • Category: Chemical
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    0428
    (2nd LD) S-Oil shifts to black in Q1 on higher petrochem margins (ATTN: UPDATES with more details in paras 8-13) BY Kim Eun-jung   SEOUL, April 27 (Yonhap) -- S-Oil Corp., South Korea's No. 3 refiner, said Tuesday it turned to the black in the first quarter from a year earlier on rising prices of
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  • Kumho Mitsui Chemicals to invest 400 bln won to expand chemicals production

    • April 26, 2021
    • Posted by: ssr
    • Category: Chemical
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    0426
    Kumho Mitsui Chemicals to invest 400 bln won to expand chemicals production SEOUL, April 21 (Yonhap) -- Kumho Mitsui Chemicals Inc. said Wednesday it will invest about 400 billion won (US$358.1 million) to expand its chemical manufacturing factory in South Korea's southwestern region.   The joint venture between Korean synthetic rubber maker Kumho Petrochemical and
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  • Korea’s LG Chem to launch bio-based products in June

    • April 26, 2021
    • Posted by: ssr
    • Category: Chemical
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    Korea’s LG Chem to launch bio-based products in June South Korean petrochemical firm LG Chem will begin production of sustainable materials at its Yosu and Iksan cracker and polymerisation plants in June, after obtaining ISCC-Plus certification on nine products. The plants will produce polyvinyl chloride, synthetic resin acrylonitrile butadiene styrene (ABS), superabsorbent polymer, polycarbonate, glycols,
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  • (LEAD) Exports jump 45.4 pct in first 20 days of April

    • April 21, 2021
    • Posted by: ssr
    • Category: Chemical
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    421
    (LEAD) Exports jump 45.4 pct in first 20 days of April (ATTN: REWRITES lead; UPDATES with more info from para 3; ADDS photo) By Kim Soo-yeon   SEOUL, April 21 (Yonhap) -- South Korea's exports jumped 45.4 percent on-year in the first 20 days of April as shipments of chips, autos and oil products remained
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