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LG Chem to shut phenol-acetone plant in Yeosu for a brief turnaround

February 06/2017

MOSCOW (MRC) -- LG Chem is likely to take a phenol-acetone plant off-stream for a brief maintenance, as per Apic-online.

A Polymerupdate source in South Korea informed that the company has planned to shut the plant in the first week of February 2017. The plant is expected to remain shut for 1 or 2 days.

Located at Yeosu in South Korea, the plant has a phenol capacity of 300,000 mt/year and acetone capacity of 180,000 mt/year.

As MRC informed before, in January 2016, LG Chem said it had decided to drop a plan to jointly build a USD4.2-billion petrochemical complex in Kazakhstan, citing a prolonged slump in oil prices and a sharp increase in facility investments. In 2011, the chemical company said it would construct the complex near the western Kazakh city of Atyrau as part of a 50-50 joint venture with two Kazakh companies. The plan involved building ethylene and PE plants with annual capacities of 840,000 tonnes and 800,000 tonnes, respectively. The project was announced in 2013.

LG Chem Ltd., often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. According to ICIS report, it is 15th biggest chemical company in the world in 2011. It has eight domestic factories and global network of 29 business locations in 15 countries. LG Chem is a manufacturer, supplier, and exporter of petrochemical goods, IT&E Materials and Energy Solutions.
Author:Margaret Volkova
Tags:PC, PE, acetone, bisphenol A, phenol, ethylene, sheet extrusion, Kazakhstan, South Korea.
Category:General News
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