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LG Chem operates SM plant in Daesan at full capacity rates

May 20/2020

MOSCOW (MRC) -- LG Chem is currently operating its styrene monomer (SM) plant at optimum capacity levels, according to Apic-online.

A Polymerupdate source in South Korea informed that, the company is presently running its plant at 100% of it's production capacity rates.

Located at Daesan in South Korea, the plant has a production capacity of 180,000 mt/year.

SM is the main feedstock for the production of polystyrene (PS).

According to MRC's ScanPlast report, March 2020 estimated consumption of PS and styrene plastics dropped by 2% year on year, totalling 42,130 tonnes. The estimated consumption totalled 121,880 tonnes in the first three months of 2020, down by 2% year on year. Overall, Russian plants produced 42,790 tonnes in March 2020. Overall output of high impact polystyrene (HIPS) and general purpose polystyrene (GPPS) totalled 32,100 tonnes in March 2020. 98,390 tonnes of HIPS and GPPS were produced in January-March 2020. The decrease in Russian plants' output was 3%.

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:PS, styrene, LG Chem, Rossiya, South Korea.
Category:General News
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