S Korea’s Lotte Chemical Corp to cut ops rate at Daesan BTX plant

02 August 2013 04:19  [Source: ICIS news]

SINGAPORE (ICIS)--South Korean petrochemical firm Lotte Chemical Corp, formerly Honam Petrochemical Corp, will be reducing operating rates at its aromatics facility at Daesan on 6-7 August amid feedstock shortage, a company source said.

The company’s facility has a nameplate capacity of 240,000 tonnes/year of benzene, 132,000 tonnes/year of toluene and 72,000 tonnes/year of solvent xylene.

“The [BTX] plant is now running at 100% but we will reduce run rates to 80% as there is a shortage of [feedstock] pygas supply in South Korea,” he added.

Previously, gasoline prices in South Korea were on an uptrend and several pygas producers had sold their inventories to gasoline blenders, resulting in the shortage of supply to aromatics producers.

By: Hazel Kumari
+65 6780 4327

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