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LG Chem slashes PVC production rate following a fire at the cracker

November 09/2020

MOSCOW (MRC) -- LG Chem has reduced the operating rates at its polyvinyl chloride (PVC) unit in Yeosu prefecture by 30-40% following the shutdown at the upstream naphtha cracker that curbs the supply of ethylene feedstock, reported CommoPlast.

The PVC unit has an annual capacity of 610,000 tons/year and currently running at 60-70% rates.

The producer has not disclosed the timeline to when the unit could resume normal operating rates.

As MRC informed earlier, LG Chem took off-stream its 1.16 million tons/year naphtha cracker on 5 November, 2020, following a fire incident at the main control room. It is estimated that the cracker would remain shut for 20 days. 

According to MRC"s ScanPlast report, Russia's overall PVC production totalled 718,500 tonnes in January-September 2020, down by 0.3% year on year. At the same time, only two producers managed to increase their PVC output.

LG Chem Ltd., often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. 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:PVC, SPVC, propylene, ethylene, LG Chem, Russia, South Korea.
Category:General News
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