South Korea’s LG Chem runs phenol/acetone plant at 100%

01 April 2011 04:30  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem is running its phenol/acetone plant in Yeosu at full rate and is not offering spot cargoes for April and May, a source close to the company said on Friday.

The company last sold 1,000 tonnes of spot phenol to Japan for delivery in late March, he added.

“Domestic [phenol] demand has increased and the inventories are tight,” said the source, referring to firm demand in South Korea.

LG Chem's phenol/acetone plant can produce 300,000 tonnes/year of phenol and 180,000 tonnes/year of acetone.  

For more on phenol/acetone, visit ICIS chemical intelligence

By: Felicia Loo

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