S Korea’s Honam runs crackers at 100%; cuts HDPE runs briefly

28 August 2012 09:13  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Honam Petrochemical continues to operate its crackers at 100% of capacity in spite of Typhoon Bolaven which has dumped strong winds and heavy rains in the western and southern parts of the country, a company source said on Tuesday.

The company runs a 1m tonne/year cracker in Yeosu and another 1.07m tonne/year cracker in Daesan, according to ICIS data.

Honam Petrochemical cut the operating rate of its 370,000 tonne/year high density polyethylene (HDPE) plant at Yeosu to 80% capacity, from 100% at around 06:00 hours South Korean time on Tuesday morning (2100 GMT Monday) because of a brief power outage, another company source said.

The operating rate was raised back to 100% within two hours, the source said.

Its other HDPE plant at Yeosu with a 230,000 tonne/year capacity was not affected by the power disruption, he said.

Additional reporting by By Chow Bee Lin

By: Felicia Loo

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