05 July 2013 09:59 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s LG Chem is operating its two acetone-based isopropanol (IPA) plants in Yeosu at reduced rates of 60-70% capacity this month as a result of persistently weak margins, a source close to the company said on Friday.
The company is likely to maintain the reduced rates at the plants with a combined nameplate capacity of 105,000 tonnes/year in August, if the costs of feedstock acetone were to remain at high levels, the source said.
Months of poor margins led LG Chem to scale back on its production in June to 70% capacity from 100% in the preceding month.
Its third 45,000 tonne/year Yeosu facility that uses the more competitively priced feedstock propylene continues to operate at full capacity, the source said.
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