High naphtha prices and poor ethylene demand compel SK Energy to cut naphtha cracker operation

06-Mar-08
Plagued by high naphtha prices in the face of sluggish ethylene demand, SK Energy, South Korea's largest oil refiner, has reduced operations by 20% at its No.1 naphtha cracker. SK Energy has two naphtha crackers: No.1 has a capacity of 210,000 tpa and No.2 has 640,000 tpa capacity.
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