S Korea’s YNCC reduces cracker run rates to 90%, eyes further cuts

21 March 2013 08:58  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has reduced the operating rates across its three naphtha crackers to 90% capacity this week as planned, a company source said on Thursday.

The operating rate cut follows a blast at a polyethylene (PE) storage tank at Daelim Industrial Co’s plant at the same site earlier this month.

YNCC’s three crackers - with a combined ethylene nameplate capacity of 1.9m tonnes/year - were running at 100% capacity prior to the incident.

The company is a regular supplier of ethylene to Daelim.

The source said operations may be cut further but a decision has not been reached yet.

Market sources had said that there was a possibility that the cracker run rates could be further reduced to 85% capacity.

By: Peh Soo Hwee
+65 6780 4359

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