MOSCOW (MRC) -- Korea Petrochemical Industry Co (KPIC) is in plans to take a high density polyethylene (HDPE) plant off-stream for a maintenance turnaround, as per Apic-online.
A Polymerupdate source in China informed that the company is likely to shut its plant in October 2016 for a period of around 8-10 days. The exact date of the shutdown could not be ascertained.
Located in Ulsan, South Korea, the plant has a production capacity of 530,000 mt/year.
As MRC reported earlier, KPIC aims to expand its ethylene production capacity by the first half of 2017, the company's CEO Jeong Young Tae said in April 2016. Jeong said that KPIC’s ethylene capacity expansion for its Ulsan-based Naphtha Cracking Center (NCC) is ongoing and is expected to start commercial operation from Jun 1, 2017.
Currently, KPIC produces about 470,000 mt/year of ethylene from its Ulsan-based NCC. With the ongoing capacity expansion, the company will be adding 330,000 mt/year of ethylene, and its combined ethylene capacity will reach 800,000 mt/year.
KPIC is one of the key producers of ethylene in South Korea. The company’s ethylene capacity accounts for about 6% of total ethylene production in South Korea. When the capacity expansion is completed, however, the company’s market share will be increased to nearly 10%.
MRC