06 May 2013 09:42 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) is currently maintaining its cracker run rates in Yeosu at 85% capacity, a company source said on Monday.
Its cracker run rates were at 85% capacity since early April, down from 90% capacity in March, following the shutdown of a downstream polyethylene (PE) plant at the site in early March, the official said earlier.
The company’s three crackers have a combined ethylene nameplate capacity of 1.9m tonnes/year.
The downstream PE plant, which is 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 early June, a slight delay from earlier projections of end-May, the YNCC source said.
“The Daelim PE plant is still down and may finish the turnaround in early June,” the source said.
Prior to the shutdown of the PE plant, YNCC’s crackers were running at full capacity.
Additional reporting by Felicia Loo
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