Shaw’s Energy & Chemicals Group has been awarded a contract to supply engineering services and proprietary equipment for the quench system at the Lotte Daesan Petrochemical Corporation’s Naptha Cracking Centre. The value of the contract was undisclosed.
The South Korean project, which is planned to increase ethylene production by nearly 50 percent to 1,000 kilotons per annum, is expected to be completed in the summer of 2008. The revamp will include Shaw’s proprietary Ripple Tray, Vapour Flute and Heavy Fuel Oil Separation technologies.
In a separate agreement signed during 2006, Shaw is supplying two proprietary Ultra Selective Conversion furnaces to Lotte Daesan at the same site.
Lotte Daesan Petrochemical Corporation is a business unit of Honam Petrochemical Corporation. The Lotte Daesan NCC plant is part of the large integrated complex at Daesan, which was previously owned by Hyundai Petrochemical and is now operated by several companies. From two NCC plants and 24 satellite facilities, the entire complex produces over one million tons of ethylene products and 3.3 million tons of affiliated products, the largest amount for a single complex in the world.