21 January 2010 09:34 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s Honam Petrochemical plans to continue operating its two crackers at full capacity in February, supported by healthy ethylene margins, a company source said on Thursday.
The company’s naphtha cracker in Daesan has a capacity of 1m tonnes/year while the cracker in Yeosu has a capacity of 750,000 tonnes/year. Honam has plans to expand the capacity of the smaller cracker by 250,000 tonnes/year to 1m tonnes/year in 2012.
“The run rates will be 100% next month, just like [in] January. Prompt naphtha supply is very tight,” said the source.
Weekly ethylene margins in northeast ?xml:namespace>
The figures are the highest levels since July 2008, based on the same data.
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