Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest more than USD 300 Million to expand its integrated refining & petrochemicals platform located in Daesan, South Korea. The investment will increase the site’s polyethylene capacity by more than 50% to 1.1 mta by the end of 2019. Thus, it will allow the facility to capture margin along the full ethylene to polyethylene value chain. Daesan is one of Total’s six world-class integrated platforms and a strategic asset for both shareholders. The site, which is comprised of a flexible condensate splitter, a competitive steam cracker and polymers, styrene and aromatics, generated a net result of nearly USD 1 billion in 2016.