Vietnam’s Hyosung to restart PP plant in June, said the Commonplast.
Meanwhile, the upstream 600,000 tons/year PDH plant is scheduled to come online in July. Once the operation is stabilised, Hyosung would be able to operate both the PP plants using internal feeds.
According to market sources, Hyosung Vina Chemical might be able to restart part of its PP plant in Vietnam by mid of June using spot propylene the company procured from the spot market.
The company reportedly took both of the PP units with a capacity of 300,000 tons/year each offline on 11 May 2022 after a technical issue at the propane dehydrogenation (PDH) plant cut off the feed supply. It is unsure which PP unit the producer would bring online first.
Meanwhile, the upstream 600,000 tons/year PDH plant is scheduled to come online in July. Once the operation is stabilised, Hyosung would be able to operate both the PP plants using internal feeds.
As per MRC, Hyosung Vina Chemicals, a subsidiary of a large petrochemical manufacturer in South Korea - Hyosung Corporation, on February 4 stopped production at a propane dehydrogenation plant in Cai Mep (Vietnam) in order to carry out planned preventive measures to repair equipment. Maintenance at this unit with a capacity of 600 thousand tons of propylene per year continued until the beginning of March this year.
Hyosung Corporation is a Korean industrial conglomerate founded in 1957. The company operates in various fields, including the petrochemical industry, heavy equipment manufacturing, IT, trade and construction.
mrchub.com