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LG Chem raising acrylic acid capacity in Yeosu

September 17/2020

MOSCOW (MRC) -- Sulzer has installed acrylic acid crystallization equipment at LG Chem's complex in Yeosu, South Korea, to accommodate higher production volumes of acrylic acid and associated superabsorbent polymers, according to Apic-online.

Sulzer's processes can remove impurities at low process temperatures, while avoiding the use of solvents and eliminating the risk of acrylic acid polymerization that can occur during distillation.

To realize the planned production increase to 160,000 t/y of high purity acrylic acid, Sulzer delivered the equipment onsite in less than 14 months and supported the commissioning and start-up activities.

As MRC wrote previously, LG Chem, a South Korean petrochemical major, reduced its operational rates of its cracker to around 90-95% starting January 2020 due to weaker economic fundamentals. Based in Daesan, South Korea, the cracker is able to produce 1.27 million tons/year of ethylene and 650,000 tons/year of propylene. The company increased capacity utilisation at this cracker to 100% on 10 March, 2020, in order to supply ethylene to Lotte Chemical.

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

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

LG Chem Ltd., often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. According to ICIS report, it is 15th biggest chemical company in the world in 2011. 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:acryl, PP, PE, homopolymer PP, propylene, HDPE, ethylene, LG Chem, Russia, South Korea.
Category:General News
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