News Code : 42939

South Korea's Hanwha Total Petrochemical declared force majeure Friday on styrene monomer supply from its Daesan plant, which houses two units totalling a capacity of 1.05 million mt/year, sources with knowledge of the matter said.

Petrotahlil - The force majeure came on the back of the local government's orders to shut the plant, amid an ongoing labour strike, sources said.

The Daesan plant operates two SM units with a nameplate capacity of 400,000 mt/year and 650,000 mt/year, respectively.

The No. 1 unit was shut May 17, following an accident at the plant involving a vapor leak, sources said. Prior to the accident, the unit had been running at a low operating rate.

The No. 2 unit was originally scheduled to resume operations on May 8, but had not restarted amid the strike, Platts reported earlier.

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