What ethylene production capacity is being cut as part of the Yeosu petrochemical restructuring, and which facilities are affected?

A total of 1.39 million metric tons of ethylene capacity will be suspended during the three-year restructuring period, specifically through the permanent closure of Yeochon NCC’s No. 2 cracker (920,000 metric tons/year) and No. 3 cracker (470,000 mt/y).

How are Hanwha Solutions and DL Chemical supporting Yeocheon NCC financially under the approved restructuring plan?

Hanwha Solutions and DL Chemical, both shareholders in Yeocheon NCC, will each contribute 272.5 billion won via a paid-in capital increase — totaling 545 billion won — to repay Yeocheon NCC’s existing debt.

South Korea Approves Petrochemical Restructuring at Yeosu Industrial Complex

Jul 22, 2026

South Korea approved petchem restructuring at Yeosu, cutting 1.39 million metric tons of ethylene capacity and integrating assets among Lotte, Hanwha, and DL Chemical to address oversupply.

chemweek

South Korea Approves Yeosu Petrochemicals Restructure, Cracker Closures

chemweek

South Korea Approves Yeosu Petrochemicals Restructure, Cracker Closures

chemweek

2026-07-22

South Korea Approves Petrochemical Restructuring at Yeosu Industrial Complex

2026-07-24

South Korea Approves Yeosu Petrochemical Park Restructuring Plan

South Korea Approves Petrochemical Restructuring at Yeosu Industrial Complex

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