optimal site for high value-added fine chemical investment ......chemical industry in korea 1....

Jeollanam-do

Optimal Site for High Value-Added

Fine Chemical Investment

Jeollanam-do

Ⅳ

Ⅴ

Ⅵ

Ⅶ

Ⅰ

Ⅱ

Ⅲ

CONTENTS

Introduction to Jeollanam-do

Chemical Industry in Korea

Chemical Industry in Jeollanam-do

Jeollanam-do Investment Strengths

Investment Proposal

Successful Investment Cases

Investment Incentives

[Appendix] Major Chemical Companies in Yeosu National Industrial Complex

ⅠIntroduction to Jeollanam-do

Optimal Site for High

Value-Added Fine Chemical

Investment

Ⅰ.

CHINA

KOREA

Jeollanam-do

Province

JAPAN

Population

Size

Administrative Districts

GRDP (2018)

- 5 cities, 17 counties

- 12,345㎢ area

- 2,165 islands

- $ 67.5 billion

- 1,868,000 people

Ⅰ. Introduction to Jeollanam-do

1. General Information (2019)

RUSSIA

SEOUL

DAEJEON

GWANGJU

YEOSUSUNCHEON

MOKPO

DAEGU

BUSAN

Expressway

Railroad

Express Train (KTX/SRT)

- Muan International Airport : International flights

· 9 countries (17 destinations) : Shanghai, Tokyo,

Bangkok, Taipei, Vladivostok, etc.

- Yeosu Airport : Domestic flights

· Seoul(8 times a day), Jeju(twice a day)Air

Express

Train

Express

Way

Harbor

- Honam : Seoul–Muan Airport–Mokpo / 1hr 50 min

- Namhaean(completion in 2023)

· Busan -Yeosu - Mokpo / 2 hours 20 minutes

- Seoul Jeju(Seoul - Mokpo - Jeju) * under consideration

- Seohaean Expressway : Seoul – Mokpo / 3 hours

- Namhae Expressway : Busan – Mokpo / 3 hours

- Gwangyang Harbor : 12 berths / 3,800,000 TEU

- Mokpo Harbor : 3 berths / 240,000 TEU

Ⅰ. Introduction to Jeollanam-do

2. Transportation Network

Two hours from Seoul ; a quarter of a day from China and Japan

Jeollanam-do

ⅡChemical Industry in Korea



Investment

Ⅱ. Chemical Industry in Korea

1. Industrial Status

Korea’s chemical industry ranks fourth in the world by scale. (2018)

*4th largest ethylene production capacity worldwide (5.2% market share, 2018)

World178.0

Japan India Iran Korea China USASaudi

Arabia

6.5

(3.7%)

7.5

(4.2%)

7.6

(4.3%)

9.3

(5.2%)

25.6

(14.4%)

34.1

(19.1%)

17.7

(9.9%)

(unit : a million tons)

2018 Ethylene Production Capacity

The world's fourth-largest production scale

- Ethylene production capacity: 9,255 tons/year

- Global market share: 1.9% → 5.2% ('18)

The fifth-largest domestic manufacturing sector

- Production amount : 92 trillion won

- Portion of manufacturing industry

: 2.8%(‘90) → 6.1% (‘17)

* 5th ranked after automobiles, machinery, semiconductors, steel

- Exports: $50 bil. ('18), $35.5 bil. in trade surplus.

* Ranked 4th after semiconductors, automobiles, machinery


1. Industrial Status

Estimation of Ethylene Production Capacity in Korea

Expansion (investment amount)

Current production

LG Chem Lotte Chem Yeochun

NCC

Hanwha

Petrochemical

SK Global

Chemical

Korea

Petrochemical

52%(+477.5 mil. tons)

925.5 million tons

2018

1,403 mil. tons

477.5 mil. tons

925.5 mil. tons

2023

103 mil. tons

(USD 2.56 bil.)

33.5mil. tons

(USD 700 mil.)233 mil. tons222 mil. tons

110 mil. tons

80 mil. tons86 mil. tons

46 mil. tons

(USD 600 mil.) 150 mil. tons

(USD 4.4 bil.)

46 mil. tons

(USD 2.4 bil.)

46 mil. tons

(USD 2 bil.)

Enterprises in

Jeollanam-do Province

S-Oil Hyundai

Chemical

GS Caltex


2. National Government Policy Trends

In the post-COVID19 era…

“We will push ahead with bold strategies to attract high-tech industries and investments from overseas as well as to help Korean companies return from abroad. ”

<Special Address by President Moon Jae-in to Mark Three Years in Office/ May 10, 2020>

Transition to high value-added promising items compared to reduced global demand (large investment expansion

of high-tech materials)

- Support USD 15.6 bil. worth of investment infrastructure in a timely manner by 2024 (site, water, wastewater treatment, electric power supply, etc.)

- Focus on development of high value-added chemical materials technology and expanding overseas M&A for the introduction of advanced technologies

To respond to the difficulties of supply and demand of COVID-19 related chemicals, application of expansion of target

materials for fast track of “Act on Registration and Evaluation, etc. of Chemical Substances” & “Chemicals Control Act” and

temporary suspension of regular inspections of Chemicals Control Act.

Application

Fast-track

magnification

target

When registering new chemicals manufactured and imported less than

one ton a year related to the “Act on Registration and Evaluation, etc.

of Chemical Substances”, the government will temporarily expand the

items omitted from the submission of test data (~2021.12), and expand

the licensing period for hazardous chemical handling facilities related

to the Chemicals Control Act (~2021.12).

159 supply-demand risk response materials

338 supply chain management items

Available to check supply chain management items of each company's

handling materials at the Material Component Supply and Demand

Response Support Center.

Building

Global

Production Base

for High-tech

Companies

ⅢChemical Industry

in Jeollanam-do



Investment

Ⅲ. Chemical Industry in Jeollanam-do

Yeosu National Industrial Complex, the largest production site in Korea, used by major petrochemical companies

- 222 Enterprises including GS Caltex, LG Chem, Lotte Chemical, BASF.

- 20,000 employees, USD 51 bil. (64% of manufacturing industry)

Yeosu National Industrial Complex

PetroleumIndustry Petroleum Chemical Industry

Crude Oil

Gasoline

Naphtha

Lamp Oil

B-C Oil

Basic Raw Material

ethylene, propylene,

butadiene, BTX

IntermediateMaterial

EDC, VCM, SM,

etc.

Synthetic resins

polyethylene,

polypropylene,

polystyrene, etc.

TPA, AN,

Caprolactam

Synthetic material

Synthetic rubber

Other products

SBR, BR etc.

Methanol, etc.

Process Industry

Plastic machining

method

Textile Industry

Rubber Industry

Fine Chemical Industry

Rubber Industry

Final Product

Textile goods

Electrical & electronic cases, automobile parts, etc.

*Yeosu National Industry Complex: 32,550,000㎡ / 299 companies (Petrochemical Companies 45.5%)- Refining Oil: 800,000 B/day (24% of domestic processing capacity of 3.28 million B) / Representative Company: GS Caltex

- Petrochemicals: 4.36 million tons/year based on ethylene (46% of domestic production capacity of 9.49 million tons)

/ Representative Company: LG Chem, Lotte Chemical

- Fertilizer: 480,000 tons/year (49% of the Gross Domestic Product Capacity of 980,000 tons) / Representative Company: Namhae Chemical Co., Ltd.

1. Major Industries in Jeollanam-do

- The largest petrochemical industrial complex in Korea (46% of domestic ethylene products)- Petrochemical (oil, fertilizer) 280 Companies

Yeosu

National

Industry

Complex

Ⅲ. Chemical Industry in Jeollanam-do

2. Petroleum Chemical Industry Policy in Jeollanam-do

- Creation of a smart industrial complex

centered on petroleum and precision chem.

- Improving investment environment of Yeosu

Industrial Complex : Securing additional

industrial water, wastewater facilities, and

industrial land

- Establishment of integrated safety system for

Yeosu Industrial Complex

Advanced Petrochemical Complex

- Estb of functional chem materials cluste

- Estb of foundation for commercialization of high-

performance, advanced rubber materials

- Development of CO2 high value-added

commercialization platform and development of

waste plastic material technology

Fostering Material Industry

- Strengthen industry-academic cooperative network

: Estb of "R&D-HRD-Employment“ cycle

- Creation of an industrial-academic convergence

district in Yeosu

Strengthen R&D competence-based

Yeosu Industry Complex – SMART Industry Renovation Project

Creating an Ecosystem of Smart

Manufacturing Innovation through

Digital Transformation

Creating an Employee-Friendly

Smart Space

Creating a Sustainable Future

Leading Industrial Complex

1 2 3

- Creating an ecosystem for smart

manufacturing innovation

- Modularize standard manufacturing

plants

- Intelligent digitization training

- Establish win-win corp. R&D model

- Smart Safety Monitoring System

- Smart Environmental Monitoring System

- Intelligent Transportation System

- Smart work conditions

- Shared Economic Platform

- Platform to support start-ups

& new businesses

- Energy platform

- Platform to foster human resources

based on regional specialization

ⅣJeollanam-do Investment

Strengths


Value-Added Fine Chemical Investment

Ⅳ. Jeollanam-do Investment Strengths

1. Optimal raw material supply and manufacturing infrastructure

Petrochemical Products:

largest supply capacity in Korea

- 840,000 barrels/day of oil refining

- 4.14 mil tons of petrochem products

(based on ethylene) / years

- 21 mil tons/year at POSCO's

Gwangyang Steel Works

Largest single crude

steel ability

- No. 1 organic farming certification area

in Korea (7,936 ha)

- 90 percent (1.58 mil tons) of national

seaweed production

Produce top quality eco-friendly

agricultural, fishery

and livestock products

Ⅳ.

EU

EFTA

Turkey

India

China

Vietnam

Korea

ASEAN

Australia

New Zealand

World

GDP

Korea

Economy

Territory

73.5%

U.S.A

Canada

Colombia

Peru

Chile

Source: Ministry of Trade, Industry and Energy

Economic Territory


2. Utilizing Korea’s FTA Platforms

VS

Ⅳ. Jeollanam-do Investment Strengths

3. Korea’s top competitive industrial complex

Gwangyang Bay Area has the highest industrial concentration,

specialization, and labor productivity in Korea, by comparison against

competing petrochemical complexes such as Ulsan and Daesan.

Jeon-nam

Ulsan

Labor Productivity

Specialization

Integration

1.88

6.13

21.43

1.331.68

9.50

Labor Productivity

Specialization

Integration

1.111.82

20.63

Labor Productivity

Specialization

Integration

* Source: Strategy and policies for fostering global hub-clusters in Korea

- integration : Based on the number of workers in the mining and manufacturing industrial statistics survey, calculated by the

proportion of the number of workers in each region compared to the country

- Specialization : Calculation using the concept of location quotient

- Labor Productivity : Analysis by dividing the value added in the mining and manufacturing industrial statistics survey by the

number of workers, and the monthly total monthly working hours of the monthly labor statistics

compensation by the amount of labor input.

Chungnam

Ⅳ.

45% of Korea’s Rias coastline

37% nationwide (6 national parks)

Pleasant residential environment

2,165 heavenly islands65% of national total

42% nation’s tidal flatsFive Largest Tidal Flat in the World


4. Comfortable Residential and Natural Environment

Ⅳ.

Russia NorthAmerica

Japan

China

EuropeM.E. Asia

S.E. Asia

Jeollanam-do

Transportation infrastructure with optimal air, rail and road connections, forming a logistics hub in N.E. Asia

Gwangyang Port

188,838 mil. tons of unloading CAP., 101 ships of tangential CAP., 22m deep and 23,733m of Berth Length

Key point on the world’s main and arterial routes

Total goods’ volume: 300 million tons

Containers: 2.4 million TEU

Container wharf: 12 berth

World-wide connective countries: 122

Loading and unloading: 360 days

Liner operation: 75 times/a week


3. Optimal Marine Logistics for the Global Era

ⅤInvestment Proposal



Ⅴ. Investment Proposal

1. Introduction of Main Industrial Complex

5

Hwasun

Boseong

Suncheon

Gwangyang

Yeosu

Gwangyang Sepoong

Gwangyang bayHaeryong

Gwangyang bayYulchon

Yeosu

21

43

Naju Innovation

Ⅴ.

Gwangyang Sepoong Industrial Complex Yeosu Yulchon General Industrial Complex

Investment Proposal

2. Functional Chemical Materials Field

- Location/size : Gwangyang City / 2,426,000㎡

- Sale price : USD 298 / ㎡

- Recommended industries : Bio-chemical material and parts

- Main tenant companies : KTR, OCI

- Strength : Gwangyang Port Hinterland, Reasonable rental

site (200 won/㎡/month)

- Location/size : Yeosu City / 9,110,000㎡

- Sale price: USD 139 won / ㎡

- Recommended industries : material of secondary battery

- Main tenant companies : POSCO Chem, Jeonnam TP

- Strength : low sale price, Korea's largest production base

for anode materials (Lithium, Nickel)

Ⅴ.

Haeryong Industrial Complex Naju Innovation Industrial Complex

- Location/size : Suncheon City / 650,000㎡

- Sale price : USD 227 / ㎡

- Recommended industries

: new chemical materials, parts and electronics

- Main tenant companies : Steel Flower, Jeonnam TP

- Strength : Located near urban neighborhoods,

excellent settlement conditions

- Location/size : Naju City / 1,258,000㎡

- Sale price: 190,000 won/㎡

- Recommended industries

: new chemical materials, parts and electronics

- Recommended industries : material of secondary battery

- Strength : Energy company infra such as KEPCO, ETC.

Investment Proposal

2. Functional Chemical Materials Field

Investment Proposal

3. Joint Investment ProposalⅤ.

Yeosu Industrial ComplexAn industrial complex with the largest manufacturing infra for the petrochem industry in Korea,

but there is not enough space due to the construction of additional sites.

Proposal for joint ventures with companies with available sites

Lotte Versalis

Elastomers

Nisso Namhae

Agro Co., Ltd.

JCEL

Lotte Chem (KOR)

&

Versalis Elastomers(ITA)

Namhae Chemical(KOR)

&

Nisso Agro(JAP)

Jaewon Industrial Co, Ltd (KOR)

&

Central Glass Co., Ltd (JAP)

ⅥSuccessful

Investment Cases



Investment

Ⅵ. Successful Investment Cases

1. Air Liquide (France) / Industrial Gas

Location : Yeosu Industrial Complex

Enterprise status : 54 employees, USD 283.3 mil. in sales (2019)

Scale of investment : USD 349.2 mil. (2000~2018)

Main products: hydrogen, carbon monoxide

Production of industrial gas

(hydrogen, carbon

monoxide, etc.)


Pipeline (40 km)

Supply to Yeosu Industrial Complex Corp.

BASF, LG Chem, Hanwha Solutions, etc.

French Air Liquid Invested

USD 126 million in Yeosu Industrial Complex to

expand its plant.

France, Invests USD 126 million in Yeosu

Industrial Complex

Ⅵ.


Enterprise status : 365 employees, USD 1.3 billion in sales (2019)

Scale of investment : USD 804.7 million (1994 - 2018)

Main products : MDI (250K tons/year, TDI (160K tons/year), Ammonia water for semiconductor

cleaning (6,000 tons/year) * Ultrason Factory Completed (First outside Germany)


2. BASF (Germany) / High Performance Engineering Plastic etc.

Global Production Baseization(High Performance Engineering Plastic Production)


Raw material

Export of FTA Utilization(Asia-Pacific, CHN, etc.)

Sales in Korea

BASF, a multinational company, completed

construction of Korea's first “Ultrasone"

production plant in Yeosu.

Completion Ceremony of “Ultrasone” Factory

in Yeosu, Korea

BASF, Extension of functional

plastic “Ultrasone” facilities in

Yeosu

Ⅵ. Successful Investment Cases

3. Sumitomo Seika (Japan) / High absorbent resin machining


Enterprise status : 62 employees, USD 122.1 mil in sales (2019)

Scale of investment : USD 190.6 mil. (2014-2019)

Main products : diaper material, etc.

High absorbent resin

machiningYeosu Industrial Complex

Raw material

FTA

Utilization Export

Corporate difficulties solved: Attracting investment through deregulation of the tenant industries

in the industrial complex.

Attracting investment by easing

regulations on the tenant industries

in the industrial complexThrough this, Yeosu is expected to attract

investment of USD 100.4mil. & create 3,060 jobs

The development activity was permitted in 4

days (Oct 27, 2014) to enable investment

through active legal interpretation.

Ⅵ.

Lotte Versalis

Elastomers

(Korea - Italy)

Nisso Namhae

Agro Co., Ltd.

(Korea - Japan)

JCEL

(Korea - Japan)

Investment Company : Lotte Chemical & Versalis Elastomers

Scale of investment : USD 810 million (2013-2020)

Enterprise status: 238 employees, USD 45 mil. in sales (2019)

Main products: Synthetic rubber(Elastomor, SSBR, LCBR, EPDM)

Supply of raw materials for Yeosu Industrial Complex --> Production of

synthetic rubber, industrial rubber --> Domestic sales of overseas shipments

Investment Company : Namhae Chemical & Nisso Agro Co., Ltd.

Scale of investment : USD 86.4 million (2011)

Enterprise status : 33 employees, USD 26.3 million in sales (2019)

Main products: High purity active ingredient of pesticide, Topsin M

* Annual production of 5,000 tons --> exports to 90 countries around the world

Site (Namhae Chemical) + Technology investment (Nisso Agro) Produce

High purity active ingredient of pesticide overseas export & domestic sales

Investment Company : Jaewon Industrial & Central Glass

Scale of investment : USD 20 million (2014)

Enterprise status : 30 employees, USD 95.9 million in sales (2019)

Main products: production of electrolyte

Supply of raw materials for Yeosu Industrial Complex --> Production of

secondary battery material (produce electrolyte) --> domestic conglomerate

sales (Samsung SDI, SK etc.)


4. Case of Join Venture Investment

ⅦInvestment Incentives



1. Investment Incentive

Classification Contents

Provencal

office Subsidy

Special Support

For Large-Scale

Investment

Support Requirements: Investment of more than KRW 2 billion

- Location : Up to USD 400K (within 30% of the sale price)

- Facilities : Up to USD 500K (within 5% of facility investment)

- Employment/education : up to USD 1 million

(more than USD 600 per month per person for more than 12 months

if the number of new employees exceeds 10)

Support Requirements: If the amount of investment is more than

$50 million or more than 100 people for regular use- Up to USD 100 mil. will be provided depending on the size of the investment.

Support Requirements: If the ratio of foreign investment is 30% or higher

- Support Industry : Manufacture of materials’ parts and high-tech sectors

of enterprises

Cash Grant

AppendixYeosu Industrial Complex

Chemical Enterprises



Investment

MDI : 250,000 MT/Year

MNB : 170,000 MT/Year

ANILINE : 120,000 MT/Year

PUR : 35,000 MT/Year

TDI : 160,000 MT/Year

CCD : 20,000 MT/Year

ULTRASON : 6,000 MT/Year

Major Products Area : 635,265㎡

Capital Stock : USD 1 million

Sales: €62.7 Billion

Employees: 1,010 persons

- Established continuous production process for improved safety,

environment and quality

- Established a plant designed for safety, health and accident-free

- Received ISO14001 and ISO9001 certificates, selected as a green

company by the Ministry of Environment

- Received KOSHA 18001, KGS/OHSAS 18001 certificates for safety

and health management system

- Awarded president prize “Enterprise with Labor Management Culture”

- Awarded president prize “Green Management Company”

AppendixStatus of Major Chem Companies in Yeosu National Industrial Complex

Area : 6,000,000㎡

Capital Stock : USD 2.6 billion

Sales : USD 470 billion

Employees : 3,337 persons

Business Domain

: Petroleum, Petrochemicals, Base oil, LNG, City Gas,

Exploration & Production, New & Renewable Energy

- Founded in 1967 as the first private refinery in South Korea, GS Caltex has developed into a high-profile

energy service company, providing a stable supply of oil products that helps fuel the nation’s development and

economic growth.

- GS Caltex is stepping up sustainable growth by diversifying its business portfolio to various energy sectors

including petrochemicals and lubricants, as well as resource development, in order to achieve its corporate

vision: “The leader in providing total energy service on the basis of its core competitiveness.”

AppendixStatus of Major Chem Companies in Yeosu National Industrial Complex

Area : 660 acres

Capital Stock : USD 3.69 billion

Sales : USD 7.8 billion (Yeosu Complex)

Employees : 2,253 persons (Yeosu Complex)

- LG Chem Yeosu Complex is a major global

supplier of quality petrochemicals ranging from

basic distillates to specialty polymers.

- Our extensive experience and advanced

technology are enabling us to consistently break

new ground in the industry with high-

performance products. Our No.1 share in the

global Acrylonitrile Butadiene Styrene (ABS)

markets is just one area we lead our industry in.

Category Product Usage

NCC

Ethylene Raw material for HDPE, LDPE, VCM

Propylene Raw material for PP, Octanol, Acrylic acid, IPA

Butadiene Raw material for ABS, SBS, SBL, MBS, SBR

Benzene Raw material for SM, Phenol, Acetone

SM SM Base material for ABS, PS resin

PE LDPE Film, Extrusion coating, Injection, Hollow molding

PVC HDPE Packing container, Pipe

VCMPVC Pipe, Sheet, Cable sheath, Wallpaper, Synthetic leather

VCM Base material for PVC resin

ABS/EP

ABS/SAN Electrical and automotive product, Office supplies

EPSInsulating material for construction, Packing material for electrical products

PS Food packaging material, Toys, Tapes

PBT Electronic products, Automotive parts

PCAutomotive parts, Water bottles, Food containers, CDmaterial

Special

Resin

MBS Impact protection material for PVC products

SBS Asphalt, Adhesive, Compound

SBL Paper Coating

NBL Medical gloves

BPA PC materials

Major Products

AppendixStatus of Major Chemical Companies in Yeosu National Industrial Complex

Appendix_ Status of Major Chemical Companies in Yeosu National Industrial Complex

Area : 1,314,522㎡

Capital Stock : USD 10 million

Sales: USD 7.5 billion

Employees: 799 persons

- Many chemical products are making a difference in our

daily environment. These products bring greater comfort

and elevate the quality of our lives.

-Yeochun NCC is a pillar of the petrochemical sector,

supplying the essential feedstock for downstream products.

-Two Korean petrochemical giants, Daelim Industrial and

Hanwha Chemical, established a joint naphtha cracking

operation that is now the nation’s largest. The state-of-

the-art facilities are located in the Yeosu National

Industrial Complex

Major Products


Ethylene

HDPE Molded product, Film, Pipes

LDPE Agricultural film, Cable sheath

LLDPE Industrial film, Agricultural film

EDC Synthetic resin, Solvent, Medicine

VCM Pipes, Film, Synthetic leather

Propylene

PP Film, Molded products, Synthetic fiber

Octanol Plasticizer, Solvent

ECH Epoxy, Resin paint, Adhesive

K-ResinElectrical / Automotive products, Tires, Shoes,Adhesive

Mixed-C4

Polybutene Wire insulation material, Adhesive

MTBE Benzine additive

Butene-1 L-LDPE COPOLYMER Pipes

Iso-Butylene Raw material for IIR & MMA

C4LPG Industrial raw material and fuel

Etc.

Benzene Solvent, Paints, Perfume

Toluene Gunpowder, Medicine, Perfume

Xylene Solvent dye


Area : 886,387㎡

Capital Stock : USD 2,900 million

Sales : USD 4 billion


- For Hanwha Chemical, green management

means taking concrete steps to reduce the

environmental footprint of our production activities.

- We are preserving energy to reduce the social

and economic costs of production, developing

alternative energy sources to meet future energy

needs to foray into energy-related business

areas, and developing resources overseas.

Category Product Annual Output

PE

LDPE 327,000 tons

LLDPE 355,000 tons

EVA 80,000 tons

W&C 73,000 tons

CA

NaOH 71,000 tons

Cl2 645,000 tons

EDC 386,000 tons

VCM 350,000 tons

ECH 25,000 tons

PVC

PVC Resin 255,000 tons

2-EH 123,000 tons

Polysilicon Solar Energy Industry Products 10,000 tons

Major Products


Area : 132,000㎡


Sales : USD 43.9 billion


- Established in 1970, Kumho Petrochem specializes

in producing synthetic rubbers, synthetic resins,

specialty chemicals, combined heat & power

plants and electronics chemicals.

- We are the world’s third-largest maker of synthetic

rubbers, and the largest domestically. We are also

making concerted efforts to expand our energy

business by participating in oil exploration projects,

and increasing our investment in futuristic

materials such as cutting-edge nano products.

ItemMain

ProductsKey Usage

Synthetic

Rubbers

SBR, SSBR, HBR, NBR,

LBR, HSR, TPE, SB

Latex, SEBS

Tires, Shoes, Automobile Parts,

Sporting Goods, Asphalt,

Waterproof Sheets, Plastics

Specialty Chemicals

Vulcanization

Accelerators,

Antioxidants

Tires, Belts, Hoses, Electric Wire,

Shoes, Paint for Ships

Combined Heat &

Power GenerationSteam and Electricity

Major Products


Area : 1,449,899㎡



Employees : 474 persons

- Namhae Chemical has been growing with farmers based on the

truth acquired from the soil. To be the global specialist in raw

materials for agriculture realizing sustainable agriculture,

- Namhae Chemical will advance with farmers for the next

generation, in accordance with its management goals:

‘Namhae Chemical as the social enterprise with the public’,

‘Enhancement of corporate competitiveness and management

efficiency’, and ‘Establishment of happy and pleasant community

culture for all the Namhae family.’

*Fertilizers

Super Allari, Granule Gypsum Fertilizer,

Garden Fertilizers, Fertilizers for Fruit

Growing, Bulk & Blending Fertilizers

*Chemical Products

Ammonia Phosphoric Acid Sulfuric Acid

Fuming Sulfuric Acid Surface of Potash

Muriate of Potash Hydrochloric Acid

*Nc-oil

Gasoline, Light oil, Kerosene

Major Products

Namhae Chemical


Established in 2002



Employees : 474 persons

- Hu-Chems was established in 2002 through

corporate division from Namhae Chemical

and is a company that produces key

materials for precision chemistry such as

DNT, MNB, and nitric acid.

- A company that has 14 production plants in

Yeosu National Industrial Complex,

Jeollanam-do, and is growing into a global

chemical company by developing high

value-added products and entering various

new global businesses based on the

precision chemical sector.

Major Products


Fine

Chemistry

DNTTDI, polyurethane, toluidine, dye,

intermediate agent of chemical formulation

MNB Intermediate of MDI, aniline, perfumery

회질산Adipic acid, MDI, ammonium nitrate,

polyurethane, dye, pigment, metal clean

Concentrated Nitric

AcidNitrocellulose, acrylic fiber, DNT, MNT

Ammonium Nitrate Gunpowder, fertilizer, anesthetic gas

화황산Basic acids of various chemical reactions,

lysine, neutralization

Basic

Chemistry

ethanol

Cold-resistant fuel for automobiles,

manufacture of denatured alcohol, synthetic

raw materials of formaldehyde, etc.

공업용 요수Blowing agent, urea resin, cattle feed,

dyestuff & pigment, wastewater treatment

AmmoniaFertilizer, nitric acid, lysine, medication,

metal surface treatment, etc.

Ammonia Liquor

Saccharine, wastewater treatment, Nox

removal, alkali corrosive fluid, flame

retardant

optimal site for high value-added fine chemical investment ......chemical industry in korea 1....

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