Hanwha Solutions' Three High-Value Chemical Materials Selected as 'World-Class Products'

KOTRA Certification System
Expanded to a Total of 7 Types Including EVA for Solar Modules

High value-added material chlorinated polyvinyl chloride (CPVC) product from Hanwha Solutions. Photo by Hanwha Solutions

[Asia Economy Reporter Choi Seoyoon] Three high value-added materials from Hanwha Solutions have been recognized for their export competitiveness and newly selected as world-class products. Including the three existing 'current world-class products' and one 'next-generation world-class product,' Hanwha Solutions has obtained a total of seven world-class product certifications in the petrochemical materials sector.

On the 18th, at the '2022 World-Class Product Selected Companies Certification Award Ceremony' held at Lotte Hotel in Jung-gu, Seoul, Hanwha Solutions announced that three items?▲Eco-DEHCH (Eco-DEHCH, eco-friendly plasticizer) ▲CPVC (Chlorinated Polyvinyl Chloride) ▲CP/TP (Copolymer/Terpolymer)?were certified as world-class products.

The world-class product certification system is operated by the Korea Trade-Investment Promotion Agency (KOTRA) under the Ministry of Trade, Industry and Energy to promote domestic products' global market leadership and export activation.

Products are selected based on being ranked within the top 5 in global market share with over 5%, and having an annual global market size of at least 50 million USD or export volume of at least 5 million USD. The certification is divided into 'current world-class products' and 'next-generation world-class products,' which have a high possibility of entering the world-class category within the next seven years.

The three Hanwha Solutions world-class products selected this year have all achieved first place in exports and are performing well in the global market with excellent quality.

Eco-DEHCH is an eco-friendly material with harmful components removed, used in wallpaper, flooring materials, etc. Hanwha Solutions successfully commercialized it for the first time in the world through its proprietary hydrogen addition technology. It has secured global competitiveness based on eco-friendly certifications such as safety inspections by the U.S. Food and Drug Administration (FDA) and stable quality.

CPVC is a material with enhanced heat resistance compared to general PVC through chlorination reactions, used in fire sprinkler systems and hot water pipes. Hanwha Solutions succeeded in domestic production for the first time in Korea, replacing all previously imported technology, and is increasing sales in major overseas markets such as India.

CP/TP is a highly functional material with strong adhesion used as a raw material for inks and adhesives. Hanwha Solutions is the world's second-largest CP/TP producer with an annual production capacity of 22,000 tons and plans to expand production to 37,000 tons by 2025 to leap to first place globally.

Hanwha Solutions' eco-friendly plasticizer product, Ecodetch. Photo by Hanwha Solutions

Previously, Hanwha Solutions’ ▲EVA (Ethylene Vinyl Acetate) for films in 2009 ▲power cable insulation materials in 2008 ▲EVA for solar modules in 2011 were certified as world-class products, and last year, XDI (Xylene Diisocyanate), a premium optical lens material, was selected as a next-generation world-class product.

Jung Dooyoung, head of Hanwha Solutions’ PVC business division, said, “The newly selected materials this year are all products that have been commercialized based on Hanwha Solutions’ independent research and development capabilities and are recognized in the global market. We will continue to expand exports and localization of core materials used in various industries to contribute to overcoming the global supply chain crisis.”

This content was produced with the assistance of AI translation services.