Skip to content
Search

Latest Stories

Submit Guest Post

LG Chem sends delegation to India to probe deadly gas leak

South Korea's LG Chem said on Wednesday (13) that it had sent a delegation to India to investigate the cause of a toxic gas leak at its chemical plant there that killed 11 people and forced 800 into hospital for treatment from poisoning.

LG Chem said the eight-member delegation, led by its petrochemicals business head, will brief support measures to affected residents and meet with India government officials.


The accident occurred some 14 km (9 miles) inland from the east coast city of Visakhapatnam, in the southern state of Andhra Pradesh, at a plant operated by LG Polymers, a unit of South Korea's biggest petrochemical maker, LG Chem.

LG Polymers' plant uses styrene monomer as a feedstock to produce polystyrene products which are used in manufacturing electric fan blades, cups and cutlery.

Some 13,000 tonnes of styrene monomer stored at LG Polymers' plant will be shipped to South Korea's southwestern city of Yeosu, where LG Chem's styrene monomer plant is located, a company spokesman said.

LG Chem typically imports about 170,000 tonnes per year of styrene monomer for its Yeosu plant to make petrochemical products including polystyrene, the spokesman added.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

UK Borrowing
Lower borrowing has offered some relief, but the UK's debt challenges remain
iStock

Could UK households face higher bills and borrowing costs this Christmas?

  • UK borrowing costs have reached their highest level since 1998.
  • Markets are pricing in as many as five interest rate rises by November 2027.
  • Energy bills could rise by 25 per cent in January.

UK households could face a difficult run-up to Christmas, with borrowing costs rising sharply just as energy and fuel prices threaten to push inflation higher.

The yield on 30-year UK government bonds, known as gilts, climbed above 5.95 per cent this week, reaching its highest level since 1998. The yield is closely watched because it reflects how much it costs the government to borrow over the long term.

Keep ReadingShow less