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Korean GS Caltex says unsure when will restart fire-hit hydrocracker and aromatics unit

September 14/2017

MOSCOW (MRC) -- GS Caltex, South Koreas second-largest oil refiner, said on Monday that it was unsure when it would be able to restart a hydrocracker and aromatics unit after they were hit by fire last month, reported Reuters.

The refiner in August experienced two fires at its Yeosu refinery, southwest of Seoul, shutting its 66,000-bpd vacuum residue hydrocracker (VRHCR) and one of its petrochemical units.

"We are not sure of the timing, but we will resume operations when its deemed safe," a company spokesman said.

The 790,000-bpd facility will be able to keep churning out enough oil for domestic demand, but its exports may be crimped slightly, the spokesman added.

GS Caltex is equally owned by GS Energy Corp, a unit of GS Holdings and US oil major Chevron Corp.

As MRC informed before, in 2013, CB&I was awarded a contract by GS Caltex for the license, basic engineering and catalyst supply for a new paraxylene (PX) unit to be built in Yeosu, Korea. The unit will use the BP paraxylene technology, exclusively licensed by CB&I, and will have a world-scale design capacity. Start-up was expected in 2016.
Author:Margaret Volkova
Tags:PET, paraxylene (PX), PET-granulate, terephthalic acid, packaging, GS Caltex, South Korea.
Category:General News
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