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LG Chem to restart its LPG cracker in Daesan by 8 April

April 06/2021

MOSCOW (MRC) -- LG Chem, a South Korean petrochemical major, plans to resume operations at its side cracker in Daesan, South Korea, by 8 April, according to CommoPlast with reference to market sources.

This LPG cracker with an annual output of 230,000 tons/year of ethylene and 100,000 tons/year of propylene was reportedly shut on 28 March, 2021, because of an issue at the compressor.

LG Chem also operates another cracker in Yosu, South Korea, with the capacity of 1.2 million tonnes of ethylene per year.

As MRC informed earlier, LG Chem is planning to spend USD2.4-billion to expand its naphtha cracking center (NCC) and polyolefin (PO) plant in Yeosu, South Korea. The project, which will expand the NCC and PO facility by 800,000 t/y each, is expected to be completed in the second half of 2021.

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

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased. 

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.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, ethylene, LG Chem, Russia, South Korea.
Category:General News
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