YNCC to restart Yeosu cracker on 23 or 24 February - sources

23 February 2011 04:27  [Source: ICIS news]

(Updated to clarify dates in first paragraph.)

SINGAPORE (ICIS)--South Korea's YNCC may restart its 857,000 tonne/year No 1 cracker at its Yeosu complex on 23 February or 24 February, after a power failure shut down the plant and some downstream units late on the afternoon of 22 February, sources close to the company said on Wednesday.

Company officials could not be reached for comment.

“It is not yet clear if they can restart but impact on the ethylene market is not so big,” said a trader, who estimated a production loss of 3,000-4,000 tonnes for YNCC from the outage.

Additional reporting by Helen Yan

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By: Helen Lee
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