Lotte to create largest S Korea cracker in 2008

05 October 2007 09:41  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea’s Lotte Daesan Petrochemical plans to shut its 650,000 tonne/year cracker for expansion work next year possibly starting in April in order to make it the country’s largest, a company source said on Friday. 

 

The cracker would be shut for up to 50 days during the turnaround and would be expanded by 350,000 tonnes/year to 1m tonnes/year.

 

The majority of the additional ethylene output would be kept for captive use, market sources said, pointing to the planned increase in derivative plants.

 

As part of the expansion, downstream linear low density polyethylene (PE) capacity will be increased by 160,000 tonnes/year to 300,000 tonnes/year, while its polypropylene (PP) capacity will be ramped up by 300,000 tonnes/year to 550,000 tonnes/year.

 

Lotte's monoethylene glycol (MEG) capacity will also be increased by 400,000 tonnes/year to 650,000 tonnes/year.

 

Lotte Daesan Petrochemical was formed in 2003 when Honam Petrochemical and fellow South Korean major LG Chem jointly acquired Hyundai Petrochemical.

By: Steve Tan
+65 6780 4359

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