MOSCOW (MRC) -- Lotte Chemical (former Honam Petrochemical) is likely to restart its naphtha cracker following a maintenance turnaround, as per Apic-online.
A Polymerupdate source in China informed that the company is expected to resume production at its cracker on May 5, 2016. The plant was shut on April 11, 2016.
Located in Yeosu, South Korea, the cracker has an ethylene production capacity of 1 million mt/year and propylene capacity of 480,000 mt/year.
As MRC informed before, in early May 2016, Lotte Chemical finalized the takeover of Samsung Group’s chemical units. The company said that it paid for money to acquire Samsung SDI Chemical on Apr. 29 and completed the acquisition of Samsung Group’s chemical businesses in about six months after the announcement of "Big Deal" in October 2015,
Established in 1976, Lotte Chemical has been solidifyng its position by localizing cutting-edge petrochemical technologies. Among the high-quality products produced by Lotte Chemical through its efficient processes are ethylene, HDPE, LDPE, LLDPE, PP, functional resin, EG, SM, PIA, PET, etc. Lotte Chemical’s products are being distributed to 152 countries around the world. With the acquisition of Pakistan’s PTA in 2009, Artenius in the UK in 2010 and Titan Chemical Corp., Lotte Chemical is now able to efficiently supply excellent products to an increasing number of countries. The company is further accelerating its efforts to strengthen its global competitiveness by establishing overseas branches in Hong Kong, Russia, and USA, along with the sales corporation in China for active sales activities both in domestic and abroad.
MRC