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LG Chem to start up new steam cracker in Yeosu

June 07/2021

MOSCOW (MRC) -- LG Chem, a South Korean petrochemical major, is expected to start up its new second naphtha cracker in Yeosu approximately in mid-June, 2021, reported S&P Global.

The second cracker's production capacity will be 900,000-1,000,000 mt/year.

As MRC informed earlier, in 2018, LG Chem announced plans to spend USD2.4-billion to expand its naphtha cracking center (NCC) and polyolefin (PO) plant in Yeosu, South Korea. The new cracker will supply feedstock to new PO plants with the capacity of 800,000 t/y each.

We remind that on 18 January, 2021, LG Chem restarted its existing naphtha cracker in Yeosu, following the last year's fire. The fire broke out at its central control room at the Yosu cracker complex at around midnight local time (15:00 GMT) on 5 November, 2020. Then, the country's largest chemical company said it was in the process of figuring out the cause of the fire. The facility can process about 1.2 mln mt/year. Initially, the cracker's shutdown was expected to last for approximately three weeks.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.

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:PP, PE, PP block copolymer, homopolymer PP, PP random copolymer, propylene, ethylene, LG Chem, Russia, South Korea.
Category:General News
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