Lotte Daesan keeps MEG at 70% on weak demand
27 November 2008 05:08 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s Lotte Daesan Petrochemical Corp will continue to run its monoethylene glycol (MEG) lines at Daesan at 70% in December due to poor Asian demand, a company source said on Thursday.
The Daesan facility in western Korea comprising two lines with a 640,000 tonne/year combined capacity had its output reduced to 70% from early November.
MEG is used to make polyester fibres and yarns and polyethylene terephthalate (PET) chips.
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By: Hong Chou Hui
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