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Asian Chemical Connections

South Korea may have to shut 48% of its PP capacity in 2024-2030 to return to healthy operating rates

If South Korea kept all its PP plants open, 2024-2030 operating rates would average just 58% compared with 94% in 1990-2023. Profitability would obviously be very poor.

Or South Korea may permanently close an annual average of 430,00 tonnes/year of capacity – a total of 3m tonnes/year or 48% of capacity as of 2023. 2024-2030 operating rates would average a healthy 85%.

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