Korea (South)hd-hyundaichemical.co.kr
HD Hyundai Chemical Co., Ltd. (에이치디현대케미칼 주식회사) is a South Korean petrochemical company established in 2014 as a joint venture between HD Hyundai Oilbank (60%) and Lotte Chemical (40%). Headquartered in Daesan-eup, Seosan-si, Chungcheongnam-do, it operates a major complex in the Daesan Industrial Complex.
The company produces a range of petrochemical products, including ethylene (850,000 t/yr), propylene (451,000 t/yr), polyethylene (PE), polypropylene (PP), ethylene-vinyl acetate (EVA), mixed-xylene (MX), benzene, and refined products such as LPG, light naphtha, jet fuel, and diesel. Its Heavy-feed Petrochemical Complex (HPC), launched in 2022, utilizes low-cost feedstocks like desulfurized heavy oil, by-product gases, and LPG for enhanced competitiveness.
In 2026, HD Hyundai Chemical is undergoing restructuring through an absorption merger with Lotte Chemical's Daesan naphtha cracking operations, aiming to integrate facilities, reduce overlapping capacity (including 1.1 million t/yr of naphtha cracking), and improve efficiency amid industry oversupply.
Also known as HD현대케미칼.
Targets >60% specialty by 2030; building a 500k t/yr compounding plant; creating hydrogen value chain—four fuel-cell plants (80MW) and 450‑bar H2 hub; expanding high-end copper foil and TMAH output.
