14 March 2013 03:12 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s second largest refiner GS Caltex has pushed back the start-up process for its vacuum gas oil (VGO) fluid catalytic cracking (FCC) unit in Yeosu to the afternoon of 14 March, a company source said on Thursday.
“We will do the feed in this afternoon and we expect propylene output by tonight or tomorrow morning,” the source added.
GS Caltex was initially slated to begin the start-up process for the FCC unit on 13 March.
However, the source said there was no particular reason for the slight adjustment in unit's start-up schedule.
Market players are closely watching the start-up of GS Caltex’s new FCC unit, as the bulk of its propylene output will be exported on a term or spot basis.
GS Caltex’s FCC unit can produce around 250,000 tonnes/year of propylene.
The company also operates a residual FCC unit, which can produce around 220,000 tonnes/year of propylene, at the same site.
The bulk of the residual FCC unit’s propylene supply is fed to a derivative 180,000 tonne/year polypropylene (PP) plant.
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