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

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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