S Korea's YNCC to cut cracker rates in end-March

20 March 2009 04:29  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea’s Yeochun Naphtha Cracking Center (YNCC) plans to cut production at its naphtha crackers with a combined capacity of 1.8m tonnes/year to 80-85% from the current full rates to facilitate repairs, a company source said on Friday.

The cracker rate cut would last 7-10 days starting from end March, the source said.

YNCC, the largest cracker operator in South Korea, has three crackers in Yeocheon with capacities of 850,000 tonnes/year; 550,000 tonnes/year, and; 400,000 tonnes/year. The ethylene produced from these crackers is supplied to downstream polymer and vinyls facilities.

Hanwha Chemical will shut production at a low density polyethylene (LDPE), linear low density polyethylene (LLDPE), ethylene dichloride (EDC) and vinyl chloride monomer (VCM) plants as a result of the cutbacks in ethylene supply from YNCC, the source added.  

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By: Steve Tan
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