Press release

Hyundai Chemical Company, Ltd. Selects Univation’s UNIPOL™ PE Technology for New High-Density Polyethylene Plant

Sponsored by Businesswire

Hyundai Chemical Company, Ltd. has chosen Univation Technologies’
UNIPOL™ PE Technology for a 300 kTA high-density polyethylene (HDPE)
plant to be located at Hyundai’s site in Daesan, Republic of Korea.

Hyundai will utilize a broad range of Univation’s HDPE product
technology portfolio including the ACCLAIM™ K-100 Catalyst Series for
advanced HDPE products such as film, large part blow molding (LPBM) and
geomembrane applications. Additionally, Hyundai has taken advantage of
the flexible design of their UNIPOL™ PE Reactor line by investing in
future production capabilities for both linear-low density polyethylene
(LLDPE) and metallocene polyethylene (mPE) products.

Hyundai will also implement Univation’s latest process control system,
PREMIER™ APC+ 2.0, which delivers state-of-the-art process control
specifically designed for UNIPOL™ PE Technology to maximize production
rates, facilitate product transitions and enhance overall economic

“We are delighted that Hyundai Chemical selected Univation’s UNIPOL™ PE
Technology for their new plant in the Republic of Korea,” said Dr.
Steven Stanley, President of Univation Technologies. “This new UNIPOL™
PE Reactor will provide Hyundai with a robust portfolio of competitive
and well-recognized HDPE products covering a breadth of applications
highly suitable for key growth opportunities in domestic and export

Mr. Jung, Im-ju, Executive Director / Head of Process Department of
Hyundai Chemical Plant, commented, “Regional demand for high-performance
HDPE products continues to exceed expectations within the markets where
we participate — and this new capacity addition was recognized as
essential to satisfy our customers’ growing needs.” Mr. Jung, Im-ju
continued, “We are delighted to work with Univation on this important
construction project for our new UNIPOL™ PE Reactor line and we look
forward to its safe start-up and the introduction of our HDPE supply
into the market.”

About Hyundai Chemical Company, Ltd.

Hyundai Chemical was established from a strategic joint venture between
Hyundai Oilbank and Lotte Chemical on May 20, 2014. Our main product, MX
has been in short supply in the Asia Pacific region since 2015. We are
launched as a form of joint venture in order to meet MX demands of both
Hyundai Oilbank and Lotte Chemical for their BTX plants, and to seek
profitability from growing global demands. The ownership of Hyundai
Chemical has been split 60-40 between Hyundai Oilbank and Lotte
Chemical. At an estimated cost of 1.2 trillion KRW, our plants have been
built over the area of 260,000 m2 within the Hyundai Oilbank
plant site in Daesan, Chungcheongnam-do.

About Univation Technologies, LLC

Univation Technologies is the global leader in licensed polyethylene
technology. Univation has a proven track record of delivering process,
product and catalyst technologies as well as related technical services
to the global polyethylene industry for more than 50 years. More than
one-third of all HDPE and LLDPE resins produced globally is supplied by
the industry-leading UNIPOL™ PE Process. Univation is also the world’s
leading manufacturer and supplier of conventional and advanced
polyethylene polymerization catalysts designed specifically for the
UNIPOL™ PE Process. For more information, visit

ACCLAIM and PREMIER are trademarks of Univation Technologies. UNIPOL is
a trademark of The Dow Chemical Company (“Dow”) or an affiliated company
of Dow, licensed for use to Univation Technologies.