South Korea’s YNCC cuts run rates at Yeosu crackers to 85%

12 April 2013 07:05  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has cut its cracker run rates in Yeosu further to 85% capacity in April, a company source said on Friday.

The reduction took place since early April, he added.

The company’s three crackers have a combined ethylene nameplate capacity of 1.9m tonnes/year.

YNCC reduced the operating rates at the naphtha crackers to 90% capacity last month, following the shutdown of a downstream polyethylene (PE) plant at the site in early March.

The PE plant owned by Daelim Industrial Co was shut because of an explosion at the unit's storage tank.

YNCC is a regular supplier of ethylene to Daelim.

Daelim's downstream unit in Yeosu is expected to stay shut until the end of May, the YNCC source said.

Prior to the shutdown of Daelim’s PE plant, YNCC’s crackers were running at full capacity.

By: Felicia Loo

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