YNCCYeochon Naphtha Cracking Centre (South Korea)
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YNCC and LG Chem have similar cracking capacity after Honam Petrochemical, which has the largest ethylene capacity in the country with 2 million tpy.
The heavyweight supplier set its term premium at $2.00 a tonne to Middle East quotes, FOB, to the dismay of its customers, which include Taiwan's CPC Corp, Formosa Petrochemical Corp, South Korea's YNCC, Hanwha Corp and Japan's Idemitsu Kosan.
Another South Korean petrochemical producer YNCC was also said by sources to be considering delaying talks for its January-December 2009 term naphtha.
Korean firms including Yeochun Naphtha Cracking Centre (YNCC), the country's largest producer of ethylene, the basic ingredients for a range of plastics used in most manufacturing, are usually the last in Asia to reduce naphtha cracking rates as they have the advantage of scale and sophistication.
YNCC to restart naphtha unit SINGAPORE/SEOUL: South KoreaCOs top ethylene maker Yeochun Naphtha Cracking Centre (YNCC) plans to restart its No 2 naphtha cracker after a weekend outage, a company source said.
YNCC restarts No 2 naphtha unit SEOUL: South KoreaCOs YNCC restarted its No 2 naphtha cracker after shutting it down due to a technical glitch, a company source said.