S Korea's Honam eyes shutdown of Daesan cracker in end-April

04 April 2012 11:06  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Honam Petrochemical may shut its 1m tonne/year cracker in Daesan at the end of April for repairs, a company official said on Wednesday.

The company has been running the plant at a reduced rate of 90% capacity since late March because of some mechanical problems.

“We may shut the cracker at the end of April but nothing is fixed yet,” he said.

He reiterated that the company has covered its ethylene and propylene requirements in April, but did not rule out imports for May arrival if the Daesan cracker continues to run at a reduced rate.

Discussions to buy ethylene and propylene for May shipments have not started. “We are not buying yet,” he added.

Separately, Honam is expected to resume operations at its 750,000 tonne/year naphtha cracker at Yeosu on 10 April following a planned turnaround since 1 March.

The cracker underwent debottlenecking during the shutdown to increase its ethylene capacity by 250,000 tonnes/year to 1m tonnes/year.

By: Helen Lee
+65 6780 4359

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