South Korea's Lotte to restart No 2 MEG unit in end-March

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

SINGAPORE (ICIS)--South Korea’s Lotte Chemical plans to restart its 400,000 tonne/year No 2 monoethylene glycol (MEG) unit at Daesan in end-March after an annual turnaround, a company source said on Wednesday.

The plant was shut in the beginning of March for a planned 25-day turnaround, the source said.

The company has ensured supplies to its contracted customers, but has cut its MEG spot trading volumes in March because of the shutdown, the source said.

Lotte will conduct another turnaround at its 250,000 tonne/year Daesan No 1 MEG unit from 20 April to 15 May, the source said.

Lotte Chemical, formerly known as Honam Petrochemical, is South Korea's largest MEG producer.

The company has no shutdown plans for its three Yeosu MEG units, which have a combined capacity of 400,000 tonne/year.

By: Becky Zhang
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index