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Business

Samsung Total Expands Aromatics

by Marc S. Reisch
January 16, 2012 | A version of this story appeared in Volume 90, Issue 3

Samsung Total Petrochemicals, a South Korea-based joint venture between Samsung and Total, plans to build a $1.8 billion aromatics complex and ethylene vinyl acetate (EVA) plant at its Daesan operation. The aromatics project, to be completed in September 2014, will add annual capacity of 1 million metric tons of p-xylene and 420,000 metric tons of benzene. The EVA project, to be completed in April 2014, will produce 240,000 metric tons of the co­polymer, which is used in products such as electrical cable and adhesives. The joint venture says the new projects will bolster petrochemical sales from $6.3 billion last year to $10.8 billion in 2015.

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