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YNCC confirms cracker restart delay in Yeosu after ethylene expansion

January 15/2021

MOSCOW (MRC) -- Yeochun Naphtha Cracking Centre (YNCC) has pushed back the restart of its No. 2 naphtha cracker in Yeochun, Yeosu, South Korea to 18 January, 2021, after completing the expansion work, reported Chemweek.

The company took the cracker off-stream around the third week of October 2020 for two months of maintenance, YNCC has been also expanding the cracker's capacity to 915,000 tons/year of ethylene from the existing 580,000 tons/year.

YNCC is a joint venture between South Korean firms Hanwha and Daelim. The new ethylene capacity would be supplied to Daelims new mPE plant at the adjacent location.

YNCC owns two other naphtha crackers in Yeosu with a combined capacity of 1.325 million tons/year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia decreased in January-November 2020 by 17% year on year and reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the greatest reduction in imports. At the same time, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

South Koreas Yeochun NCC (YNCC) pyrolyzes naphtha to produce basic feedstock materials for the petrochemical industry. YNCC, a joint venture between South Korean firms Hanwha and Daelim, is a key exporter of ethylene and propylene in the country.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, homopolymer PP, propylene, HDPE, ethylene, Daelim, Hanwha Corporation, YNCC, Russia, South Korea.
Category:General News
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