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
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