[Alpha Biz=(Chicago) Reporter Kim Jisun] Hanwha Solution announced that it will postpone the high-purity cresol business scheduled for May again.

Hanwha Solution announced on the 25th that it will conduct R&D and facility supplementation for the high-purity Cresol project, which announced an investment plan worth 170.7 billion won, and re-publicize it when the investment progress plan is decided.

We decided to push ahead with the project in September last year The promotion schedule has been postponed to May this year.

High purity cresol is a raw material for healthcare and plastic additives. It plans to expand its business portfolio into a precision chemical raw material business by utilizing its own development technology.