LG Chem’s naptha cracking center wins an award

U.S.-based consulting company Solomon Associates has chosen the naphtha cracking center (NCC) of LG Chem as the No. 1 energy company among 115 competitors around the world, the company said yesterday. LG Chem runs the 4,100 kilocalories per kilogram NCC in Yeosu, South Jeolla. The facility requires 4,100 kilocalories to produce a kilogram of ethylene. The Yeosu NCC was recognized for its high-quality production of ethylene and propylene, and energy-saving capability, the company said. The U.S. company said LG Chem has outstanding technology that consumes 40 percent less energy. According to LG, its NCC can save about 300 billion won ($275 million) a year. “We will keep making energy-saving efforts by building a 3,000 kilocalories per kilogram plant by next year,” said CEO Park Jin-soo, adding that reducing energy consumption is a key to staying competitive.