27 April 2007 10:54 [Source: ICIS news]
SINGAPORE (ICIS news)--LG Chem’s newly expanded naphtha cracker in Daesan, South Korea, has successfully reached full operating rates after encountering production problems since restarting on 2 April, a company source said on Friday.?xml:namespace>
The cracker reached full production last week, he said, after running at 70%-80% capacity since its restart due to technical problems.
The 740,000 tonne/year unit was reported to have shut down for a short while on the weekend of the restart. This was due to some mechanical problems at its ethylene splitter reboiler, a source close to the company said.
Both ethylene and propylene production were on-spec now, he said, but no spot materials for ethylene were available as the producer catches up with its backlog of orders. A significant proportion is contracted to its joint venture project vinyls maker LG Bohai, in ?xml:namespace>
LG Chem leads the joint venture with LG Petrochemical (20%), LG International (10%), LG Dagu (10%) and Tianjin Bohai Chemical Industry Co (15%). The plant incorporates 350,000 tonne/year vinyl chloride monomer (VCM) and 300,000 tonne/year ethylene dichloride (EDC) units, both of which started operations on 1 April.
As for propylene, LG Chem has one spot cargo to offer for end-May/June loading, he said.
The South Korean petrochemical producer had expanded its ethylene capacity by 260,000 tonnes/year to 740,000 tonnes/year and propylene capacity by 130,000 tonnes/year to 370,000 tonnes/year in its recent expansion, currently making it the third largest cracker in South Korea, before the expansion of Samsung Total’s cracker in May/June.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections