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It is reported that Line 1 of the YNCC cracker in Yeosu, South Korea, was struck by lightning on the evening of the 22nd and has been stopped
.
YNCC Line 1 has a production capacity of 900,000 tons of ethylene , 450,000 tons of propylene , 270,000 tons of butadiene , 162,000 tons of pure benzene, 107,000 tons of toluene, and 79,000 tons of xylene
.
In addition, the No.
3 line of the refinery has not been restored due to the previous shutdown due to the explosion.
The No.
3 line has direct products of 500,000 ethylene, 250,000 propylene, 180,000 butadiene, 110,000 tons of pure benzene, 60,000 tons of toluene, 30,000 tons of xylene
.
According to the current information, Line 1 will be suspended for a few days, and the recovery time of Line 3 due to the explosion has not yet been determined
.
Misfortunes do not come singly.
The first line of the YNCC cracker in South Korea was struck by lightning on the evening of the 22nd and stopped, and the NSRP in Vietnam suffered a fire on the evening of the 21st, causing the downstream PP plant to stop production
.
Vietnam shuts down PP factory after NSRP fire
Vietnam shuts down PP factory after NSRP fireAccording to market sources, a fire broke out at the Nghi Son refinery on the night of February 21 due to an electrical fault
.
The plant is understood to have been operating at 60% capacity since early February, with buyers receiving less PP supply this month
.
It is reported that the plant went into a shutdown crisis in January this year because it did not have enough cash to import crude oil from Kuwait, and caused concern in the local petrochemical market
.
The plant said in February that NSRP's partners - state-owned fuel company Vietnam National Petroleum Corporation, Kuwait Petroleum International, Japan's Idemitsu Kosan and Mitsui Chemicals - would make early payments under a fuel product contract to help Nghi Son improve its financial position
.
Subsequently, PetroVietnam expects the refinery to gradually resume production from mid-February, and the refinery is also expected to increase its operating rate to 100% from mid-March
.
But those plans could be turned upside down due to closures caused by recent fires
.
Market sources said the temporary closure of Nghi Son's PP capacity of 370,000 tonnes/year is expected to further tighten PP supplies in Southeast Asia, but Indonesian producer Polytama has cut maintenance shutdowns at its 300,000 tonnes/year PP plant from The postponement of mid-February to early March may alleviate the situation to a certain extent
.