South Korea's LG Chem cuts production rate at cracker
South Korea's LG Chem cuts production rate at cracker
According to market sources, LG Chem has reduced its operational rates of its cracker to around 90-95% starting January 2020 due to weaker economic fundamentals.
Based in Daesan, South Korea, the cracker is able to produce 1.27 million tons/year of ethylene and 650,000 tons/year of propylene.