LG Chem secures 27,000 tons of Russian naphtha

LG Chem, South Korea's leading chemical company, has secured 27,000 tons of naphtha from Russia amid a potential supply shortage caused by the war in the Middle East, the industry ministry and business circles said Monday. The naphtha imports, a key feedstock widely used in the petrochemical and other industries, were set to arrive in the country later in the day and will head for the Daesan industrial complex, a major petrochemical complex in South Chungcheong Province, according to the sources