Hormuz blockade prompts Lotte Chemical and LG Chem to warn force majeure in Korea Korean petrochemical giants caution clients ...
Tension is rising within the domestic petrochemical industry as Yeocheon NCC, which operates the country’s largest ethylene ...
The Chosun Ilbo on MSN
Petrochemical industry hit by US.-Iran war, faces supply force majeure
On the 4th, as Yeocheon NCC (naphtha cracking center) in Yeosu, the largest ethylene production facility in the country, declared “supply force majeure” four days after the outbreak of the U.S.-Iran ...
The inaugural three-year project will receive a government support package worth 2.1 trillion won ($1.5 billion). Lotte Chemical and HD Hyundai Oilbank will each invest 600 billion won--totaling 1.2 ...
Lotte Chemical and HD Hyundai Chemical agreed to combine part of their naphtha-cracking facilities as South Korea’s top petrochemicals producers respond to a prolonged oversupply and weakening margins ...
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