SK Innovation aims to restore operations in Ulsan this week

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SK Innovation aims to restore operations in Ulsan this week

SK Innovation said it aims to restore operations fully this week at its Ulsan refining and petrochemical complex, Korea’s largest, after a power outage Monday prompted a partial shutdown.

The company has resumed operations at some of the five crude-distillation units that were shut down yesterday, said Chung Tae-hoon, SK Innovation spokesman. All five crude units were closed, a company official said yesterday, asking not to be identified because of internal policy. Processing rates at the complex were reduced to 80 percent, the official said.

The Ulsan facility can refine 840,000 barrels a day of crude, according to data compiled by Bloomberg. That’s double the capacity of BP’s Whiting facility in Indiana, the biggest in the U.S. Midwest.

SK’s complex includes desulfurization units, a gasoline-producing fluid catalytic cracker, a hydrocracker that makes diesel and a vacuum-distillation unit, according to Bloomberg data. It also houses two naphtha crackers capable of producing 880,000 metric tons a year of ethylene. The electricity loss lasted about 20 minutes, Eom Ik-hoon, another company spokesman, said Monday. S-Oil, Korea’s third-biggest refiner, Monday said the power cut had no impact on operations of its Onsan refinery near the SK complex in Ulsan.

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