S Korea’s YNCC may cut cracker ops after Daelim’s tank blast

15 March 2013 03:31  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) may consider cutting run rates at its three naphtha crackers in Yeosu in the wake of a blast at a polyethylene (PE) storage tank at Daelim Industrial Co’s plant in Yeosu, a company source said on Friday. YNCC is a regular supplier of ethylene to Daelim, he added.

“The company may consider cutting runs in April,” the source said.

On 13 March, Daelim Industrial had shut its No 1 and No 2 high density PE (HDPE) plants – each with a 130,000 tonne/year capacity – in Yeosu for planned maintenance.

The source added the maintenance will last until 6 April.

At present, YNCC is running the crackers at full tilt, namely the 857,000 tonne/year; 578,000 tonne/year; and the 465,000 tonne/year plants, the source said.

By: Felicia Loo

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