Press release
Songwon announces the expansion of its new isobutylene facility
Songwon Industrial Co. Ltd. is pleased to announce that its new isobutylene (IBL) production facility located at the Maeam site in South Korea
Jongho Park, Chairman and CEO of Songwon Industrial Co., Ltd. commented; “Less than one year ago, we announced the start up of our isobutylene plant, based on our proprietary TBA (t-butanol) cracking technology. This was the first industrial scale plant based on such a technology. Now after less than one year we are proud to announce the expansion more than 30%, reaching a total capacity of 40.000 tons. The new technology has proven to be very effective, allowing Songwon to produce isobutylene extremely efficiently, reducing energy consumption compared to traditional processes. This will allow us to continue to deliver on our program of back-integration, with the aim to further increase reliability and reduce our exposure to volatile market prices of raw materials based on oil.”
About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer of Songnox® Antioxidants, Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Heat Stabilizers for the plastics industry, as well as plasticizers, lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon International AG, Songwon International – Americas Inc., Shanghai Songwon Brilliant Chemicals Co., Ltd., Songwon International – India, and Songwon Japan KK.
Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.
Kevin Noels
Marketing Solutions
Box 6
2950 Kapellen
Belgium
0031164317011
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