Home / Knowledge / News / Textiles / Thunderstorm strikes petchem plants in Daesan, S Korea
Thunderstorm strikes petchem plants in Daesan, S Korea
24
Jul '10
South Korea's industrial estate, Daesan, was struck with yet another thunderstorm, which resulted in electricity cuts, thereby, shutting down a number of petrochemical plants.

Samsung Total's 850,000 ton a year naphtha cracker, clubbed with its downstream plants were down at the site. These units consisted of 120,000 ton per year mono ethylene glycol (MEG) and a 650,000 ton per year paraxylene (PX) unit.

Further more, included in the list of damages are the 700,000 ton per year purified terephthalic acid (PTA) unit of Samsung Petrochemical and the 360,000 ton per year PX unit of HC Petrochem,

Although, closure of plant has not been officially confirmed by the firms, but the news of thunderstorm affected plant, leading to their shutdowns reached the Asian PX market and the bids then rose by $10-15 per ton.

Market players informed that, bids were at $875 per ton CFR (cost and freight) Taiwan and/or CMP (China Main Port), with offers on ice, as the market was expecting a rise in the prices.

But there were also plants which survived the electricity cut in thunderstorm struck Daesan, which included 760,000 ton per year cracker of LG Chemical and the 1 million ton per year cracker of Honam, informed company officials.

It is said that, Daesan, which is situated on the west coast of South Korea is every so often struck by thunderstorms. Some of these thunder storms have in the past affected the electricity supply, thereby, leading to closure of petrochemical plants.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Apr 2017

Greater Manchester is high on its textiles industry

Greater Manchester is witnessing a boom in textiles industry with 77...

Apparel/Garments | On 25th Apr 2017

Indian trade leaders to discuss GST, digital payments

Trade leaders from various Indian states will meet in New Delhi to...

Apparel/Garments | On 25th Apr 2017

Foreign buyers paying less for green factory apparel

International buyers are not paying enough for apparel and garments...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search