S Korea’s Lotte Chemical to shut No 1 PX unit on 5 August

01 August 2013 11:10  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Lotte Chemical plans to shut its 250,000 tonne/year No 1 paraxylene (PX) unit at Ulsan on 5 August, a company source said on Thursday.

The company initially planned to reduce operating rates at its PX facilities in mid-June.

“The shutdown is due to poor economics and will be for an unspecified period,” the source said.

Lotte Chemical will continue to operate its other 525,000 tonne/year PX unit located at the same site at 100% of capacity, the source added.

By: Samuel Wong

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