4 articles
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.
South Korea's Lotte Chemical returned to Q1 profitability with W33 billion net profit, driven by improved spreads and demand recovery. The company announced restructuring mergers with HD Hyundai and H
Hanwha declared force majeure due to feedstock disruptions linked to the Hormuz blockade, causing Ethylene Dichloride (EDC) prices to jump $25/mt to $245-$250/mt.
Hanwha Solutions reported widened chemical losses driven by maintenance costs and price declines, with PVC, chlor-alkali, and TDI comprising 58% of its $785 million Q4 chemical revenue.
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