NEWS
Hyosung invests €750m in carbon fibre sector
Korean company Hyosung has announced plans for a more than 10-fold increase in carbon fibre production capacity to 24,000 tonnes by 2028. The KRW1tr (€750m) investment at its plant at Jeoniu will make it the world’s biggest single-site carbon fibre production facility and is intended to put Hyosung among the top three carbon fibre producers globally with a market share of 10% (up from 2% today). Hyosung currently
operates one production line at the Jeoniu site with a capacity of 2,000 tonnes. Work has already com- menced on a second line,
Hyosung plans to join global carbon fibre top three
which is expected to begin full production in February next year. The company first
entered the carbon fibre market in 2013 with its Tansome products, which are produced using a propri- etary technology developed together with the Korea Insti- tute of Carbon Convergence
Technology.
Hyosung describes carbon fibre as “a staple of future industries,” citing hydrogen fuel tanks as a key potential market. It forecasts growth in hydrogen-pow- ered cars to rise from 1,800 units in 2018 to around 6.2 million by 2040. �
www.hyosungchemical.com
Formosa in major PVC expansion
Formosa Plastics Corpora- tion, Louisiana (FPC) is to invest $332m to expand PVC resin production by around 136,000 tonnes/yr at its site at Baton Rouge, Louisiana, US. The project will include new machinery and equipment for the PVC resin unit, according to Louisiana Economic Development, as well as the upgrade of a halogen- ated acid unit for internal production of vinyl chloride monomer and utilities for the new operations. These should be launched in late 2021 or early 2022. �
www.fpcusa.com
Montefibre precursor promises lower costs
Spanish specialty fibre manufacturer Montefibre Carbon is to launch an 80k polyacrylonitrile (PAN) precursor fibre, which it says will allow production of non-aerospace, standard modulus carbon fibres for applications such as injection moulding compounds at more competitive cost than current 50k types (k refers to the number of fibres).
The first production line for the 80k fibre will begin production in mid-2020 and will have a capacity of around 3,000 tonnes. A further two lines are planned for 2012, taking capacity to 11,000 tonnes (sufficient to produce around 5,000 tonnes of carbon fibre). All lines will produce the company’s M500 and M600 precursors. �
www.montefibre.es
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PHOTO: SHUTTERSTOCK
PHOTO: MONTEFIBRE
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