Samsung Total's petrochemical 'Global Project' on the way

23 Sep '08

2 min read

Since the beginning of Samsung total's 'Global Project' and its operation, it is one step more close to the goal achieving 1 trillion KRW in sales profit.

According to Samsung Total, 'Global Project' is a new development strategy that rearranged the complex operations throughout the past 2 years with 55 million in investment to secure the company's competence in efficiency and scale.

Through this global project, Samsung total carried out large scale expansions of naphtha decomposition plant and styrene monomer•polypropylene(SM•PP) plant.

In case of ethylene, it has been expanded from 630,000 tons to 850,000 tons, for propylene; 320,000 tons to 550,000 tons, Styrene monomer(SM); 670,000 tons to 870,000 tons, polypropylene; 270,000 tons to 580,000 tons and increased the annual productivity for other major products.

An employee says, “For petrochemical products in global trading markets, securing appropriate level of production is important to secure the original cost competitiveness”, and continued. “The compatibility of scale is become a ground to lead the market.”

He explained the expansion background. Another reason is the preparation for the worst economic expectations worldwide at the end of this year on account of newly expanded products and influx from Middle East and China.

Through, energy efficient and next generation technology, it has significantly fortified both cost and product compatibility of its market.

With the SM plant expansion, for the first time in the world, the company used wasted heat instead of using steam called, 'Multi-Effect System' that brought almost KRW 7 million in additional energy efficiency annually.

One Samsung total employee says, “Through continuous working improvement and complementary investment in the future, we will raise up our sales compatibility for key products and for the respective systems and we will grow into a global petrochemical company as we try to achieve KRW 1 trillion in profits."

Samsung Total Petrochemicals

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