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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] S-Oil (010950) announced on the 31st that it has partially resumed operations in the second paraxylene (PX) process at its Onsan plant, following a fire that occurred on the 28th. This comes two days after the fire halted plant operations on the 29th.
The resumption of production involves the main processes, excluding the Xymax process, which was the site of the fire and is responsible for improving PX yield.
S-Oil stated, "We have resumed production in the remaining major processes, excluding the Xymax process, where the fire occurred. While the PX yield will decrease due to the non-operation of the Xymax process, the production of mixed xylene (MX), another petrochemical product, will increase, limiting the impact on revenue."
The resumed production area's revenue is estimated at approximately 2.5071 trillion KRW, accounting for 7% of the company's total sales last year. This figure has been adjusted to reflect the expected decrease in PX yield, and may vary depending on when the Xymax process is restarted.
PX is a high-value-added petrochemical product used as a raw material for polyester, which is used in fabrics, including fast fashion apparel, and PET bottles. S-Oil operates two paraxylene plants at the Onsan complex, with the affected second plant having an annual production capacity of approximately 1.05 million tons.
Following the fire, S-Oil activated an emergency response system to manage the situation and implement countermeasures.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
