S Korea’s LG plans Yeosu cracker expansion in March 2010

28 October 2009 07:36  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea’s LG Chem plans to shut its 900,000 tonne/year naphtha cracker in Yeosu for expansion and maintenance in March 2010, a company source said on Wednesday.

"The cracker will be shut from 3 March to 8 April," the source said.

The cracker’s nameplate capacity was expected to be raised by 100,000 tonnes/year to 1m tonnes/year after the maintenance, making it one of the largest crackers in the country.

There would be a surplus of 2,000-3,000 tonnes of ethylene every two months, the source said, adding that the company was discussing with traders whether the sale of cargoes would be on a term or spot basis.

LG Chem also operates a 760,000 tonne/year naphtha cracker in Daesan, which was scheduled for expansion in May 2011, the source said. This would increase the Daesan cracker’s ethylene capacity by 150,000 tonnes/year to 910,000 tonnes/year.

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By: Peh Soo Hwee
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