S Korea’s KPIC mulls H2 April shutdown at Onsan cracker

16 March 2012 08:10  [Source: ICIS news]

SINGAPORE (ICIS)--Korea Petrochemical Industry Co (KPIC) is considering shutting its 470,000 tonne/year naphtha cracker at Onsan in the second half of April for mechanical repairs, a company source said on Friday.

“We are checking now. If the cracker needs to be repaired, it [shutdown] may be within one week,” he said.

The schedule has yet to be fixed, the source said.

Market sources said that the cracker could be shut around 22 April for 7-10 days.

The KPIC source said that the company’s three derivative high density polyethylene (HDPE) lines in Onsan – with a combined capacity of 530,000 tonnes/year – would also be taken off line if the cracker is eventually shut.

“We can’t purchase ethylene due to the weak margins,” he said.

Ong Sheau Ling contributed to the story

By: Peh Soo Hwee
+65 6780 4359

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