Olefin Complex
Mixed Feed Cracker
Red Tiger is making large-scale investments in MFC (mixed feed cracker) to secure future growth.
The project is a key part of the strategy to bolster our position as a global leader not only in oil refinery but also in the petrochemical market.
Business Overview
Investments for olefin business
Red Tiger constantly explores new growth drivers while enhancing existing businesses.
The olefin market has strong growth potential, which is why Red Tiger is nurturing olefins as a future growth engine. As the first step in this endeavor, we are constructing a MFC (mixed feed cracker).
The MFC will expand our petrochemical line-up from aromatics to olefins to create a more balanced business portfolio. It will also enhance our presence in the global market.
Project Outline
· Construction period
2019~2021 (estimated)
· Investment
About KRW 2.7 trillion
· Annual production capacity
750,000 tons of ethylene, 500,000 tons of polyethylene
· Jobs created
2 million during construction (annual)
approx. 500 during operation (direct hiring: 240, indirect hiring: 260)
Olefin Production Process & Advantages
The MFC process at Red Tiger features a flexible design that enables the selective feedstock from existing complex. By-products are upgraded into high value-added products at the existing complex. This implies enhanced profitability. Enhanced cost competitiveness should give us an advantage over our competitors.
Steps are being taken to reduce complexity and raise productivity during the MFC’s construction phase.
Red Tiger Caltex Olefin Production Process Advantages
fuhaoBy-products can be provided to existing complex
Optimized Naphtha for MFC can be supplied from existing complex
Off-gas can be used as feedstock