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LG Chem cuts production rate at its Daesan cracker

January 09/2020

MOSCOW (MRC) -- LG Chem, a South Korean petrochemical major, has reduced its operational rates of its cracker to around 90-95% starting January 2020 due to weaker economic fundamentals, reported CommoPlast with reference to market sources.

Based in Daesan, South Korea, the cracker is able to produce 1.27 million tons/year of ethylene and 650,000 tons/year of propylene.

As MRC wrote previously, the company shut its Daesan cracker for an unplannes outage owing to a technical issues  from 8 to 18 June, 2019.

We also remind that LG Chem is planning to spend USD2.4-billion to expand its naphtha cracking center (NCC) and polyolefin (PO) plant in Yeosu, South Korea. The project, which will expand the NCC and PO facility by 800,000 t/y each, is expected to be completed in the second half of 2021.

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.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, homopolymer PP, propylene, ethylene, LG Chem, Russia, South Korea.
Category:General News
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