APIC ’07: S Korea's C2/C3 exports jump in 2007
18 May 2007 03:50 [Source: ICIS news]
TAIPEI (ICIS news)--South Korea’s ethylene (C2) and propylene (C3) exports are expected to increase by 195.5% and 88.8% in 2007, a country report released at the Asia Petrochemical Industry Conference which ends on Friday said.
Total exports this year are expected to reach 789,000 tonnes for C2 and 606,000 tonnes for C3, the annual report by the Korea Petrochemical Industry Association (KPIA) said.
The higher exports were mainly due to four major cracker expansion in
YNCC kicked off the first expansion in December last year, which saw an increment of 350,000 tonnes/year of C2. C3 production was increased by 180,000 tonnes/year, where more than half were slated for exports into
The expansion was the major reason for the spike in ethylene exports expected from
This was followed by LG Chem, whose C2 capacity was ramped up by 260,000 tonnes/year and C3 by 130,000 tonnes/year. The unit came onstream just last month in April.
Samsung Total is currently shut for a scheduled maintenance and expansion and is expected to restart on 3 June, as previously reported on ICIS news. C2 capacity will be raised by 200,000 tonnes/year and C3 by 110,000 tonnes/year.
The upcoming expansion will be at Honam Petrochemical later this year in October, where C2 will be debottlenecked by 30,000 tonne/year and C3 by 15,000 tonne/year.
As such, the industry body said in the report that the total production of ethylene from the country will also see a jump by 10.6% to 6.81m tonnes in 2007, and propylene production will stand higher by 8.0% from 2006, at 4.69m tonnes.
Domestic demand for ethylene in 2007 will rise by 0.3% to 6.08m tonnes, as there were expected production increases in small amounts for series items like PE and SM. Propylene domestic demand will also increase by 2.8% to 4.41m tonnes due to an increase in demand for downstream products such as phenol/acetone and polypropylene (PP), it said.
By: Gina Myung
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