21 April 2008 11:00 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s Samsung Total Petrochemicals is currently operating its naphtha cracker in Daesan at full rates using liquefied petroleum gas (LPG) as part of its feedstock, a company source said on Monday.
The naphtha cracker, which has an ethylene production capacity of 850,000 tonnes/year, had been switched to using 10% LPG as feedstock since 7 April, added the source.
High feedstock naphtha values had previously forced many Asia cracker operators to cut operating rates due to poor margins and a lacklustre olefins market.
With naphtha values hitting fresh highs each week, an increasing number of crackers that were able to use cheaper LPG to replace naphtha have begun to make the switch.
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