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LG Chem to reach full capacity utilisation at its Daesan cracker on Friday

November 26/2021

MOSCOW (MRC) -- LG Chem, a South Korean petrochemical major, had increased the capacity utilisation at its  naphtha cracker in Daesan, South Korea to 50% by 25 November after restart and aims to ramp up the operating rates to 100% on Friday, according to CommoPlast.

LG Chem restarted this cracker on 22 November 2021 after a couple of delays due to a trouble at the cooling tower.

The unit was taken offline in late September for a routine maintenance. And on 23 November, it received commercial production.

LG Chems Daesan cracker has an annual output of 1.2 million tons/year of ethylene and 600,000 tons/year of propylene.

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 1,868,160 tonnes in the first nine months of 2021, up by 18% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,138,510 tonnes in January-September 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding statistical copolymers of propylene (PP random copolymers) decreased significantly.

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, propylene, ethylene, LG Chem, South Korea.
Category:General News
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