The South Korean government targets voluntary ethylene capacity closures, though YNCC cracker shutdown details remain unfinalized despite media reports.
YNCC plans to close two cracker units in Yeosu under South Korea's ethylene rationalization plan and form a joint venture with Lotte Chemical.
South Korea's Yeochun NCC Co declared force majeure due to naphtha feedstock disruptions from Middle East tensions. Production will run at minimum capacity from March 4 amid Strait of Hormuz delivery
MOL announced it will temporarily shut down a steam cracker at its Tiszaújváros plant in Hungary starting in December. The limited-period outage impacts production capacity at the company's two-cracke
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