South Korea's KP shuts down PTA line for up to 3 months
24 April 2002 11:17 [Source: ICIS news]
SINGAPORE (CNI)--South Korea's KP Chemical has closed one of its two purified terephthalic acid (PTA) lines at its 500 000 tonne/year No3 plant for up to three months due to a compressor accident on Monday (22 April), a company source told CNI on Wednesday.
The source said each of the two lines, located in Ulsan, South Korea, have a capacity of 250 000 tonne/year, and one of them is still operating at 100%.
Investigations into the accident are ongoing and engineers have estimated that repair work could take up to three months, he said.
KP Chemical has informed long-term customers of its reduced PTA supply.
Meanwhile, operations at KP Chemical's two other PTA plants are unaffected by the accident. The company produces 250 000 tonne/year of PTA at its No1 plant and 350 000 tonne/year at the No2 facility. Both plants are also based at Ulsan, South Korea.
KP Chemical, which holds the petrochemical assets of Kohap, is 100% owned by Kohap's creditors.
By: Clara Tan
+65 6780 4359
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