Hanwha TotalEnergies: "Possible Partial Disruptions in PX Supply"... NCC Operations Remain Normal

Minimizing Disruptions in Domestic PE and PP Supply
by Increasing LPG Input

Hanwha TotalEnergies has announced that despite declaring force majeure regarding the supply of PX (paraxylene), this does not mean a complete suspension of supply. The company stated that NCC plants are operating normally and that it will work to minimize disruptions in the domestic petrochemical product supply.

Exterior view of Hanwha TotalEnergies Daesan Plant. Hanwha TotalEnergies

Regarding the recently announced force majeure declaration to customers who receive PX products, Hanwha TotalEnergies explained that this was a preemptive notice to prepare for a possible reduction in supply volumes in the future. The company emphasized that this does not indicate a total suspension of supply, but rather is a measure to reduce confusion among its clients.

The company noted that due to the impact of raw material supply disruptions, operating rates may temporarily decrease in May, but normal operations and supply are expected to resume from June. In particular, since PX products account for a relatively small share of domestic supply, Hanwha TotalEnergies believes there will be little effect on the domestic market.

Hanwha TotalEnergies made it clear that plants producing PE (polyethylene), PP (polypropylene), and other products at its NCC facilities—where concerns about supply shortages in the domestic market have recently been raised—will continue to operate normally. The company plans to increase the proportion of LPG used in its NCC plants to maintain production for the domestic market and to gradually increase domestic supply compared to the previous year.

Hanwha TotalEnergies stated, "Even in a situation where securing raw materials is challenging, we will do our utmost to ensure a stable supply of petrochemical products so that the public does not experience inconvenience due to shortages in the domestic market."

This content was produced with the assistance of AI translation services.