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Lotte Chemicals to conduct maintenance at PET plant in South Korea

September 25/2015

MOSCOW (MRC) -- Lotte Chemicals plans to shut a polyethylene terephthalate (PET) plant, according to Apic-online.

A Polymerupdate source in the South Korea informed that the company is likely to take its PET plant offstream next month for a maintenance turnaround. The plant is expected to remain under shutdown mode for a period of around two weeks.

Located in Ulsan, South Korea, the plant has a production capacity of 450,000 mt/year.

As MRC reported earlier, Lotte Chemical is also in plans to shut a naphtha cracker for maintenance turnaround in October 2015. It is planned to remain off-stream for around one month. Located in Daesan, South Korea, the cracker has an ethylene capacity of 1 million mt/year, propylene capacity of 500,000 mt/year and butadiene capacity of 150,000 mt/year.

In early 2013, a major South Korean pertochemical and polymer producer, Honam Petrochemical, and one of the largest South Korean PET and PTA producer, KP Chemical, decided to merge into a new company with a new name Lotte Chemical Corporation. The newly formed company believes that this move will strengthen its position both in domestic and international markets and is in a line with Lotte Chemical's strategy to become a leading global company.


mrcplast.com
Author:Margaret Volkova
Tags:PET, ethylene, Honam Petrochemical, KP Chemical, Lotte Chemical, South Korea.
Category:General News
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