LG eyes IPA line start-up in Jun-Jul

19 March 2008 06:46  [Source: ICIS news]

SINGAPORE (ICIS news)--LG Chem, South Korea’s largest isopropanol (IPA) producer, plans to start up its second 55,000 tonne/year line in June or July, a company official said on Wednesday.

The new line would bring its total IPA capacity at Yeocheon to 100,000 tonnes/year.

 “Most of the quantity from the second line will be exported,” the official said, adding that the company was targeting markets such as China, southeast Asia and West Asia.

IPA spot prices were stable at $1,300-1,350/tonne (€832-864/tonne) CFR (cost and freight) northeast (NE) Asia this week, according to global chemical market intelligence service ICIS pricing.

($1 = €0.64)

By: Peh Soo Hwee
+65 6780 4359

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