02 April 2013 09:21 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s second largest refiner GS Caltex shut its vacuum gas oil (VGO) fluid catalytic cracking (FCC) unit in Yeosu as planned on Tuesday for maintenance, a company source said.
“The FCC [unit] is expected to be restarted on 11 April," the source added.
The same source had said earlier that the FCC unit would be taken off line in early April to resolve some technical issues.
The FCC unit, which was started up on 14 March, can produce around 250,000 tonnes/year of propylene.
Market players are closely watching the progress of GS Caltex's new FCC unit, as the bulk of its propylene output is expected to be exported on a term or spot basis.
As a result of the maintenance shutdown, term exports in the March-April period would be reduced or delayed, the source said, without providing further details.
GS Caltex also operates a residual fluid catalytic cracking (RFCC) unit, which can produce around 220,000 tonnes/year of propylene, at the same site.
The bulk of the RFCC unit’s propylene supply is fed to a derivative 180,000 tonne/year polypropylene (PP) plant.
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