LyondellBasell launches 400,000-ton polypropylene facility in South Korea

On June 9, 2021, Houston and Hong Kong news, LyondellBasell (LyondellBasell) announced the successful launch of Ulsan PP Co., Ltd.'s annual production capacity of 400,000 tons of polypropylene production facilities. The facility is located in Ulsan, a port city in South Korea, and is one of the largest facilities of its kind in Asia. Ulsan PP Co., Ltd. is a joint venture between PolyMirae Company Ltd. (a 50:50 joint venture between Lyondell Basel and DL Chemical) and SK Advanced.

“During the epidemic, Asia’s demand for polypropylene remains strong. Now, as the global economy recovers, this joint venture is in a very good position to meet the greater demand in the region,” Lyondell Basel Olefins and Polyolefins Ken Lane, executive vice president of operations, said.

The facility uses LyondellBasell's fifth-generation Spheripol PP process technology. According to the joint venture agreement, PolyMirae will be responsible for selling all polypropylene products produced at the facility to Asian customers. The two companies started to break ground to construct the production facility in 2019.

It is reported that SK Advanced is a joint venture established by South Korea's SK Gas, Saudi Arabia's APC, and Kuwait Petroleum Corporation (KPC), a subsidiary of Kuwait Petroleum Corporation (KPC). Since 2016, SK Advanced has maintained zero accidents in the workplace and has established excellent employee management relationships, so it has won the Ulsan Industrial Peace Prize of Ulsan.

PolyMirae is a 50:50 joint venture between DL Chemical and LyondellBasell, two globally acclaimed companies, and is a leading polypropylene production company in Korea. PolyMirae was established on September 1, 2000. Relying on DL Chemical's many years of excellent field operation experience, LyondellBasell's core technology and global sales network, the company is committed to producing and supplying the best polypropylene products in Asia.

DL Chemical is a leading petrochemical company with over 46 years of operating experience and unique technical knowledge. Headquartered in South Korea, the company is the first petrochemical company to commercialize metallocene polyethylene and polypropylene, and the first company to export polypropylene technology to the United States. DL Chemical is the world's largest polypropylene producer with an annual production capacity of 200,000 tons.