BASF and Korean Firm Idle Styrene Plants

BASF and Dongbu Hannong Chemical (Seoul) have idled their respective styrene plants at Ulsan, Korea for economic reasons and are feeding their downstream styrenics plants with purchased material, industry sources say. BASF’s plant has capacity for 350,000 m.t./year and Dongbu’s has 280,000 m.t./year. SK Energy (Seoul) normally supplies ethylene from its Ulsan plant to the styrene units, but “the local price formula for ethylene has killed off nonintegrated Ulsan production,” one source says. “It is linked to the price of naphtha...

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