14 June 2013 08:45 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s LG Chem is currently operating both its oxo-alcohols plants at 100% capacity, a company source said on Friday.
Both plants are running at full capacity despite weak demand in the export sector, the source said.
“Buying interest for export cargoes in Asia remains weak. However, demand in the domestic market is relatively stable, so we can still operate at full rates,” the source said.
Currently, the company does not have any plans to cut its facilities’ operating rate although demand in the export markets is weak as it only represents a small percentage of the company’s monthly sales, the source added.
LG operates a 2-ethylhexanol (2-EH) unit with a nameplate capacity of 144,000 tonnes/year at Yeosu, and its other n-butanol (NBA)/2-EH swing plant, located at Naju, has a capacity of 150,000 tonnes/year, according to the source.
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