S Korea’s Honam buys 25,000 tonnes naphtha for H1 December

10 November 2011 03:08  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Honam Petrochemical has bought 25,000 tonnes of spot naphtha supplies for delivery into Daesan in the first half of December, as one of its crackers has restarted following a regular turnaround, a company source on Thursday.

The cargo was done at parity, similar to its previous purchase of 50,000 tonnes for first-half December delivery, he added.

Honam’s 1m tonne/year naphtha cracker in Daesan is now running at 70% capacity and will reach 100% by this weekend, the source said.

The plant was taken off line for regular maintenance from 10 October to 9 November.

The company will shut its 750,000 tonne/year cracker in Yeosu for 40 days of maintenance and debottlenecking from April to May 2012. Following that, the plant’s capacity will reach 1m tonnes/year.

The cracker is operating at 100% at the moment, the source said.

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By: Felicia Loo

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