15 March 2013 02:44 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s second largest refiner GS Caltex started up its vacuum gas oil (VGO) fluid catalytic cracking (FCC) unit in Yeosu as planned on 14 March, a company source said on Friday.
The FCC unit can produce around 250,000 tonnes/year of propylene.
The company plans to produce 300 tonnes/day of propylene on 15-16 March, after which output would be raised, the source said.
Market players are closely watching the start-up of the new FCC unit, as the bulk of its propylene output will be exported on a term or spot basis.
GS Caltex 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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