SK Energy to keep PP, PE at 80% until early Jan

19 November 2008 08:46  [Source: ICIS news]

SINGAPORE (ICIS news)--SK Energy plans to run its polypropylene (PP) and polyethylene (PE) plants at Ulsan, South Korea, at the current reduced rate of 80% until early January on expectations the global downturn would cap demand in the coming months, a company source said on Friday.

Production rates at the facilities were reduced in October due to inventory pressure.

The facilities include a 183,000 tonne/year high density PE (HDPE) plant, a 218,000 tonne/year linear low density PE (LLDPE) unit and two PP plants with 376,000 tonnes/year of combined capacity,

The production cuts were in line with the cutbacks in its upstream crackers.

Other polyolefins producers in South Korea include Honam Petrochemical and LG Chem.

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By: Chow Bee Lin
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