PO is a polymer that boasts outstanding physical properties and environmental stability. It is used in a wide variety of applications from daily consumer goods, such as packaging materials, container lids, and plastic bags to high-tech industrial goods. Hanwha Solutions Chemical Division was Korea’s first company to produce LDPE in 1972, and we were also the first company in Korea to produce LLDPE in 1986. Through relentless efforts in technology innovation, we also became the first company in Korea to produce wire and cable (W&C) compounds that had been entirely reliant on imports. Our W&C compounds’ application has been expanding continuously to include extra-high-voltage cables. We also succeeded in developing EVA (ethylene vinyl acetate), a specialty value-added product, with our own technology. Our EVA was crowned the World-Class Products of Korea certification.
Hanwha Solutions Chemical Division made inroads into the Middle Eastern market by signing a joint venture deal with Saudi Arabia’s Sipchem, a private petrochemical company. IPC (International Polymers Company), the JV based in Saudi Arabia, is producing specialty PO products, EVA and LDPE. The investment allowed us to reduce cost and achieve an economy of scale, and secure world-class competitiveness by becoming the world’s second largest EVA manufacturer.
Polyvinyl chloride is a general-purpose plastic most widely used as a raw material for industrial goods, packaging films, toys, and household items. Since beginning the production of Korea’s first PVC in 1966, Hanwha Solutions Chemical Division has led the Korean PVC industry achieving complete vertical integration of the production chain, from feedstocks to end products.
Our PVC plant in Ningbo, Zhejiang Province, China, capable of producing 300,000 tons of PVC annually, holds a strong presence in the Chinese PVC market based on superb quality, eco-friendliness, and cost competitiveness achieved through strategic alliance with local chemical players.
Since 2017, we are producing CPVC, a specialty synthetic resin. Ten percent higher in Chlorine content compared with PVC, CPVC is highly resistant to heat, pressure, and corrosion, making it an ideal raw material for sprinkler, hot water, and special-purpose industrial pipes. We were also successful in independently developing an eco-friendly plasticizer, Eco-DEHCH, which is improved in quality without containing phthalates.
CA refers to a range of inorganic chemical products, particularly Chlorine and Caustic Soda. They are widely used in various industries such as paper, textiles, metals, and electrical generation. Hanwha Solutions Chemical Division holds Korea’s largest market share in CA, and strives to enhance its competitiveness as it emerges as a globally recognized brand.
Polysilicon is a core material in photovoltaic production. In particular, the market for solar-grade, high-purity Polysilicon is limited only to a small number of companies possessing sophisticated processing technologies because technology barriers are high and the market entry requires huge initial investment cost. Hanwha Solutions Chemical Division leverages its technologies and knowhow to bring advancement in the solar PV industry.
We have built a Polysilicon plant capable of producing 10,000 tons annually in the Yeosu Industrial Complex and went into commercial production in 2014. Backed by the synergy created among our affiliates, Hanwha Solutions Chemical Division is continuously investing to become a globally leading solar player.
|Hanwha Solutions Chemical Division||Hanwha Solutions/Q CELLS|
|Polysilicon||Cell / Module / EPC & Operations|
TDI is used in synthesizing polyurethane alongside MDI and polyol. It is applied in a wide range of products, such as PU foams, synthetic leather, construction materials, and paint adhesives. The TDI business signals the beginning of Hanwha Solutions Chemical Division’s long-term plan to secure global competitiveness in the polyurethane industry by expanding the scope of business and developing high-value-added products.
Hanwha Alkali Water Soluble Resins have outstanding features to develop properties such as pigment dispersion, stability and printing for water base coating and printing applications. Since Hanwha Solutions Chemical Division Thailand was established in 1989, we have been steering the global market by developing new markets abroad. We will enhance our ASR and Emulsion products to continuously meet the needs of our customers.