Joint Business of MX with Lotte Chemical
Hyundai Chemical is Korea’s first joint corporation between the oil refining company and petrochemistry company. Two companies that used to heavily depend on imported MX (Mixed Xylene), the core material for BTX production process, are now able to provide stable supply and demand of materials thanks to the business opening of Hyundai Chemical in 2016. Hyundai Chemical presents the production capacity of 1.2M tons of MX by refining 130,000 barrels of condensate crude oil per day.
Joint Business of aromatic petrochemical with Cosmo Oil in Japan
Hyundai Cosmo is a joint corporation between Hyundai Oilbank and Cosmo Oil from Japan. Hyundai Cosmo produces petrochemistry products, which are the base materials for synthetic fiber, all kinds of plastics, gasoline additives and many more. Thanks to the 2nd BTX Process operation launched in 2013, Hyundai Cosmo now equips 1.42 tons of annual production capacity. Hyundai Cosmo's competitiveness has been further strengthened by steadily procuring raw materials from Hyundai Chemical and Cosmo Oil in Japan.