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South Korean top two refiners to shut crude units in March

March 04/2021

MOSCOW (MRC) -- South Korea's top two refiners SK Energy and GS Caltex plan to shut one crude processing unit each in March to April for regular maintenance, said an official from SK Innovation and two trade sources, said Hydrocarbonprocessing.

The official from SK Innovation, which owns SK Energy, said on Tuesday that they have routine maintenance scheduled for their No.4 crude distillation unit (CDU) in Ulsan between mid-March and mid-April. The CDU has a capacity of 240,000 barrels per day (bpd).

Separately, GS Caltex planned to shut its No. 4 330,000 bpd CDU at Yeosu during March to April, the sources said. GS Caltex declined to comment.

SK Energy has five CDUs at its refinery in the southeastern city of Ulsan, with a total refining capacity of 840,000 bpd, while GS Caltex has an overall refining capacity of 800,000 bpd.

As MRC wrote previously, SK Global Chemical restarted its naphtha cracker in late January 2018 after a brief but unplanned shutdown earlier in the day. The 660,000 tonnes-per-year (tpy) naphtha cracker began to operate normally the following day. Located in Ulsan, South Korea, the No. 2 cracker has a production capacity of 690,000 mt/year.

SK Global Chemical also operates a smaller 200,000 tpy cracker at the site.

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

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.
Author:Anna Larionova
Tags:petroleum products, PP, PE, neftegaz, petrochemistry, SK Corporation.
Category:General News
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