LG Chem Shuts Down Yeosu Naphtha Cracker Due to War

LG Chem suspended its Yeosu naphtha cracker on Monday due to supply issues from the war in Iran. The firm will restart once feedstock supplies normalize.

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South Korea's major chemical producer, LG Chem, Ltd., has temporarily suspended operations at its No. 2 naphtha cracker located within the Yeosu industrial complex. The decision, announced in a regulatory filing on Monday, follows significant disruptions in the procurement of essential raw materials.

The corporate logo of LG Chem is displayed on its headquarters in Seoul, South Korea, as captured on October 16, 2020. REUTERS/Kim Hong-Ji
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