Daelim Industrial, the Korean shareholder of PolyMirae, comprised the Construction Division and the Petrochemical Division. The Construction Division, a front-runner in the Korean construction industry, was established in 1939 and is leaping ahead as a true global construction company. The Petrochemical Division, a total petrochemical company located in the Yeosu Petrochemical Complex, manufactured and supplied basic petrochemicals, polyethylene and plastic products. Yeochun NCC, a joint venture between Daelim and Hanwha Petrochemical, was founded in 1999. In a strategic management move, PolyMirae, a joint venture between Daelim and LyondellBasell, which is a global petrochemical producer, was founded.
LyondellBasell Industries is one of the world's largest polymer, petrochemical and fuels companies. It is the global leader in polyolefin technology and production and marketing, a pioneer in polyolefin oxide and its derivatives, a significant producer of fuel products, and the owner of one of North America's largest full-conversion refineries. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value, and products that improve quality of life for people around the world.
SunAllomer Ltd., a joint venture of LyondellBasell Industries, Showa Denko K.K. and Nippon Oil Corporation, is a major polypropylene producer in Japan. With local joint venture companies' specialities and LyondellBasell's global leadership, SunAllomer Ltd., is delivering sustainable value by providing innovative polypropylene and compounds that satisfy customer needs in a variety of industry segments such as automotive products, electronics, food containers and household goods.
