DL Chemical Begins Full-Scale Production Increase of World’s No.1 Polybutene
DL Chemical announced on the 4th that it has completed a 20,000-ton expansion of its PB (Polybutene) Plant 2 located in the Yeosu Industrial Complex and has begun full-scale production increase.
The total investment cost for this expansion was approximately 26 billion KRW, raising DL Chemical's PB production capacity from 200,000 tons per year to 220,000 tons per year. The expansion took place from August to November, during which DL Chemical also conducted regular maintenance to supply the highest quality products to its customers.
DL Chemical is the undisputed number one company in the global polybutene market. It currently holds a 23% market share in the global market (based on open market data), and this expansion has solidified its top position. Its technology is also world-class. The production of high-reactivity polybutene (hereafter HR PB), a high value-added product used in engine oil additives, is a technology possessed by only three companies worldwide, including DL Chemical. Furthermore, DL Chemical is the only company in the world capable of producing both general-purpose PB and HR PB in a single plant.
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A DL Chemical representative stated, "The PB business is one of DL Chemical's core businesses, boasting excellent product competitiveness and a diverse global customer base," adding, "DL Chemical will continue efforts to discover additional customers through new application development."
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