LG Chem plans more cracker rate cuts to 80-85%

13 November 2008 04:43  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea's LG Chem plans further cuts in the operating rates of its two naphtha crackers from the second half of November partly due to ample ethylene inventories, a company source said on Thursday.

 

“From next week, we plan to decrease to 85% in Yeosu and 80% in Daesan,” he said. “This will be maintained until the end of the year.”

 

LG Chem had earlier reduced ethylene production at its 900,000 tonne/year cracker in Yeosu to 90% while it had trimmed the operating rate at its 760,000 tonne/year cracker in Daesan to 85% since the beginning of November.

 

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By: Peh Soo Hwee
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