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Industry
Yeocheon NCC raises naphtha cracker utilisation to 65 percent
Yeocheon NCC has raised the operating rate of its naphtha cracking plant to 65 percent from 60 percent, the company said on Sunday. It cited improved conditions for stabilising supply and demand, after the government introduced a subsidy policy to support naphtha purchases and a financial support system was also put in place. The company’s utilisation fell to 55 percent last month amid higher feedstock prices and supply uncertainty linked to a prolonged Middle East situation.
Industry
HD Hyundai, Lotte Daesan integration approved, government to provide 2.1 trillion won support
South Korea has approved the petrochemical industry’s first business restructuring project and will move to provide support worth 2.1 trillion won, the Ministry of Trade, Industry and Energy said. The plan integrates Lotte Chemical’s Daesan operations with HD Hyundai Chemical, with shareholders to inject 1.2 trillion won into a new entity. It includes shutting down 1.1 million tonnes of NCC capacity and some overlapping downstream facilities over a 3-year restructuring period.
AI & Enterprise
Namutech wins security function verification for NCC-VDI virtual desktop solution
Namutech said on Monday its cloud-based virtual desktop solution, NCC-VDI (DaaS) 5.1, has obtained a security function verification certificate from the IT Security Certification Secretariat. The company said the certification recognises a centralised security operations model in a multi-hypervisor DaaS environment combining Nutanix and Citrix technologies. It said the certification meets public procurement requirements for entry into high-security sectors including public, financial and defence.