Home / Knowledge / News / Textiles / Hyundai Cosmo's Korean PX plant commences production
Hyundai Cosmo's Korean PX plant commences production
Jan '13
First PX shipment from Daesan Refinery
First PX shipment from Daesan Refinery
Hyundai Cosmo Petrochemical Co., Ltd. (HCP), a joint venture of Japan’s Cosmo Oil Co., Ltd. and South Korean Hyundai Oilbank, has commenced operations at he new paraxylene (PX) plant five months ahead of the original schedule, according to a statement from Cosmo.
The statement added PX production at the Korean plant has begun after completion of the test operations and the first shipment was made on January 18, 2013.
HCP has a total production capacity of 1,180 kilo tons per year of PX, which includes 380 kilo tons per year from the existing facility and 800 kilo tons per year from the new plant. 
In addition, HCP also has a production capacity of 250 kilo tons per year of benzene, of which 120 kilo tons per year would be produced from the new plant, while HCP already has existing capacity of 130 kilo tons per year.
PX is the raw material for producing polyester, which is used for making clothing, PET resin, etc. Polyester demand is expected to grow steadily backed by the increasing population and economic development in Asia with China being the core, the statement said.
Cosmo will supply mixed-xylene, which is extracted from the gasoline fraction to manage the declining domestic demand for gasoline, as feedstock for the new PX Unit and further enhance business profitability in the petrochemicals field.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search