LG Chemical Shuts Down Yeosu No.2 Plant,Triggering Chain Production Halts in South Korea's Petrochemical Industry
It was learned on March 25 that LG Chemical, South Korea’s largest petrochemical company, has decided to shut down some facilities at its core Yeosu plant due to prolonged naphtha supply disruptions caused by the closure of the Strait of Hormuz.
It was learned on March 25 that LG Chemical, South Korea’s largest petrochemical company, has decided to shut down some facilities at its core Yeosu plant due to prolonged naphtha supply disruptions caused by the closure of the Strait of Hormuz. According to industry sources on March 23, LG Chemical plans to shut down its No. 2 unit at the Yeosu National Industrial Complex this week and will issue a relevant official announcement in the near future. Currently, LG Chemical operates two naphtha cracking (NCC) units in Yeosu: the No. 1 unit has an annual capacity of 1.2 million tons, and the No. 2 unit has an annual capacity of 800,000 tons.