05 December 2008 03:16 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s largest cracker operator Yeochun Naphtha Cracking Center (YNCC) will restart its smallest of three naphtha crackers around 10 December on the back of improved downstream polymer demand, a company source said on Friday.
The 400,000 tonne/year No 3 cracker in Yeocheon was taken off line on 19 November due to weak market conditions.
YNCC will reduce operating rates at its No 1 and No 2 crackers back to around 80% from 90-95%. The two crackers had temporarily raised production when the No 3 cracker was shut, the source added.
The No 1 cracker has an ethylene capacity of 850,000 tonnes/year while the No 2 cracker can produce 550,000 tonnes/year of ethylene.
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