Hanwha Total

What Hanwha Total does

Hanwha Total Petrochemical Co., Ltd. (doing business as Hanwha TotalEnergies) is a South Korea-based petrochemical and energy joint venture between Hanwha Group and TotalEnergies, founded in 1988 and headquartered alongside a 1 million pyeong (approximately 3.3 million square meters) integrated petrochemical complex in Daeasan. The company operates three core business divisions: Synthetic Resins (HDPE, LDPE, LLDPE, PP, PPCompound, and EVA), Petrochemical Intermediates (ethylene, propylene, styrene monomer, and paraxylene), and refined Energy Products (diesel, gasoline, aviation fuel, by-product fuel oil, LPG, and solvents). Its underlying technology platform is petrochemical refining and polymer synthesis, supported by 900+ patents held domestically and internationally, and it is the first Korean company certified to ISRS Level 8, the highest International Safety Rating System tier.

The company sells into five primary verticals — automotive, home appliances and electronics, packaging, downstream petrochemical manufacturers, and energy and transportation — using a B2B industrial sales model executed through dedicated digital ordering and procurement platforms (Smart Order, SRM-EPRO, E-VISIT, and the BPS Partner Platform) combined with in-person enterprise engagement. Pricing is quote-based and not publicly disclosed, and revenue is generated through one-time sales of bulk chemical and energy products. Hanwha TotalEnergies holds world #1 market share in solar cell encapsulant (EVA) materials and #1 in bottle cap resin materials for the domestic and China bottled water markets, and it claims a global network supported by Korean, English, and Chinese language interfaces plus a Seoul regional office. Strategic positioning is anchored by its parent JV structure, scale-driven cost position, and leadership in two high-growth polymer niches.

Name

Hanwha Total

Legal name

Hanwha Total Petrochemical Co.,Ltd.

Website

https://hanwha-total.com

Company type

Private

Founded year

1988

Operating status

Operating

Short description

Hanwha Total Petrochemical Co., Ltd. (Hanwha TotalEnergies) is a South Korean petrochemical and energy joint venture between Hanwha Group and TotalEnergies that manufactures synthetic resins, petrochemical intermediates, and refined energy products for automotive, packaging, appliance, and industrial customers worldwide.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (325110), Other Basic Organic Chemical Manufacturing (32519), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Base Aromatics (BTX: Benzene, Toluene, Xylenes) (IMAEADAB)

akta.pro secondary industries

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG), Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE)

Keywords

• Polymer resin manufacturing
• Petrochemical feedstocks
• Refined energy products
• Polyethylene production
• Industrial solvents

Headquarters

HQ city

Daeasan

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Synthetic Resins Sales: Production and sale of plastic raw materials including HDPE, LDPE, LLDPE, PP, PPCompound, EVA for automotive, home appliances, packaging, and household goods industries
2. Petrochemical Products Sales: Production and sale of high-purity petrochemical feedstocks including ethylene, propylene, SM (styrene monomer), PX (paraxylene) used as raw materials for petrochemical products
3. Energy Products Sales: Production and sale of refined energy products including diesel, gasoline, aviation fuel, by-product fuel oil, LPG, and solvents for consumer and industrial markets

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Hanwha Total manufactures and sells synthetic resins (HDPE, LDPE, LLDPE, PP, PPCompound, EVA), petrochemical intermediates (ethylene, propylene, SM, PX, solvents), and refined energy products (diesel, gasoline, aviation fuel, by-product fuel oil, LPG) for industrial customers in automotive, home appliance, packaging, and energy sectors. The company operates a 1 million pyeong integrated petrochemical complex in Daeasan, South Korea, and serves global markets through B2B sales channels.

Product overview

Hanwha Total is a comprehensive chemical and energy company that operates three main business divisions: Synthetic Resins, Petrochemicals (화성), and Energy. The Synthetic Resins division produces plastic raw materials including HDPE, EVA, LDPE, PP, LLDPE, and PPCompound for automotive, electronics, packaging, and household applications. The Petrochemical division manufactures key feedstocks such as Ethylene, Propylene, SM (Styrene Monomer), and PX (Paraxylene) used as raw materials in the petroleum chemical industry. The Energy division produces refined petroleum products including Diesel, Gasoline, Aviation Fuel, By-product Fuel Oil, and LPG. The company is recognized for holding world market leadership in solar cell encapsulant materials and domestic/China market leadership in BOTTLE CAP materials for water bottles.

Differentiator

Problem solved

Functional benefit

Products and services

• HDPE (High-Density Polyethylene) High-density polyethylene resin used in packaging, containers, bottle caps, and industrial products.
• LDPE (Low-Density Polyethylene) Low-density polyethylene resin used in flexible packaging films and consumer products.
• LLDPE (Linear Low-Density Polyethylene) Linear low-density polyethylene resin used in stretch films, geomembranes, and flexible packaging.
• PP (Polypropylene) Polypropylene resin used in automotive parts, appliances, and packaging materials.
• PPCompound Compounded polypropylene materials tailored for automotive and industrial applications.
• EVA (Ethylene-Vinyl Acetate) Ethylene-vinyl acetate copolymer used in solar cell encapsulant materials and packaging applications.
• Ethylene Basic petrochemical feedstock used as raw material for plastics and chemical production.
• Propylene Petrochemical feedstock used in polypropylene production and other chemical manufacturing.
• SM (Styrene Monomer) Styrene monomer used in polystyrene and synthetic rubber production.
• PX (Paraxylene) Paraxylene used as a key raw material for polyester production and petrochemical industry feedstock.
• Solvent Industrial solvents for chemical processing and manufacturing applications.
• Diesel Refined petroleum product for diesel engine applications.
• Gasoline Refined petroleum fuel for gasoline-powered engines.
• Aviation Fuel Jet fuel for commercial and general aviation.
• By-product Fuel Oil Refinery by-product used as industrial fuel.
• LPG (Liquefied Petroleum Gas) Liquefied petroleum gas for residential, commercial, and industrial use.

Quantifiable outcome

• First Korean company to achieve ISRS Level 8 - highest international safety rating
• +3 more outcomes

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Hanwha GroupcoreOthersParent conglomerate providing corporate governance, strategic direction, and affiliation across Hanwha Group subsidiaries including Hanwha Solutions and Hanwha Impact
• TotalEnergies GroupcoreOthersInternational energy partner and co-investor in the petrochemical joint venture, providing global energy expertise and technology

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SABIC: Saudi-headquartered global petrochemical leader with comparable olefins, aromatics (including paraxylene), and polyolefin businesses. Overlaps in commodity petrochemicals but with much larger scale and broader geographic reach.
• Dow Inc. US-based integrated chemical major with strong positions in ethylene, propylene, PE, PP, and aromatics. Directly comparable petrochemical value chain, though its portfolio spans a much broader range of performance materials and plastics.
• TotalEnergies: Global energy supermajor and 50/50 JV partner of Hanwha Total. Overlaps in petrochemical feedstocks, refined fuels, and LPG; significantly broader downstream (oil & gas exploration, refining, renewables) and a much larger global footprint.
• ExxonMobil Chemical: Integrated petrochemical arm of ExxonMobil with large-scale ethylene, paraxylene, and polyolefin production. Comparable product slate, particularly in PX (paraxylene) and polyolefins, with global scale advantages Hanwha Total lacks.
• BASF: World's largest chemical company with significant petrochemical and polymer operations. Comparable in polyolefins and basic chemicals, but with a far more diversified portfolio across specialty chemicals, agricultural solutions, and materials.

Direct peers

• LG Chem: Largest Korean petrochemical and advanced materials producer. Directly comparable in olefins (ethylene, propylene), polyolefins (PE, PP), and specialty polymer grades serving automotive, electronics, and packaging customers across Asia.
• Lotte Chemical: Major Korean petrochemical manufacturer with integrated ethylene, PE, PP, and aromatics production. Closely comparable product slate and customer base in automotive, packaging, and construction materials across Korea and Asia.
• Hanwha Solutions: Hanwha Group affiliate in chemicals and advanced materials, including EVA for solar encapsulants and other polyolefins. Directly comparable in product portfolio and benefits from shared Hanwha Group parentage and customer relationships.
• SK Geo Centric: Korean petrochemical producer of olefins, polyolefins, and aromatics. Comparable integrated value chain from feedstocks through polymers and similar focus on Korean and Asian markets.
• LyondellBasell: Global leader in polyolefins (PE, PP) and a major petrochemical feedstock producer. Closely comparable technology base, polyolefin product mix, and downstream end-markets (packaging, automotive, durables).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@chemi-in
• Facebookfacebook.com/hanwhatotalenergies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hanwha Total