By Kim Yoo-chul
LG Chem said Thursday that its naphtha cracking center (NCC) facilities were ranked first in energy efficiency in an evaluation by global market researcher Solomon Associates.
LG came top among 115 NCC facilities of global firms in the U.S. firm’s recent analysis to find out which facilities are most-advanced in energy efficiency.
``The result means LG Chem’s NCC facilities are far advanced and more highly-qualified at a technology level and efficiency in operation,’’ said company spokesman C.S. Song.
NCC mainly produces propylene and ethylene, two key raw materials to make plastics and other petrochemical products.
The survey showed LG’s NCC facility in the southwestern industrial city of Yeosu consumes 4,100 kilocalories to produce 1 kilogram of ethylene. Song said that level is 40 percent better than its key rivals.
``LG can save some 300 billion won in energy consumption annually on an annual production basis of 1 million tons,’’ the spokesman added.