The government of Andhra Pradesh, India has decided to send back to South Korea the remaining styrene stock at LG Polymer India (LGPI) plant in Visakhapatnam. Previously SSESSMENTS.COM reported that a deadly gas leak occurred at the plant last week, causing at least 12 casualties and injuring more than 800 people. The government wanted the feedstock for LGPI's 118,000 tons/year polystyrene plant to be removed from the site in three to four days from May 11.
Market sources informed SSESSMENTS.COM that on Monday, LGPI loaded around 7,940 tons of styrene monomer stored at its bonded warehouse to a vessel MT Arahan at Visakhapatnam Port Trust (VPT). LGPI will export the styrene monomer to its parent company LG Chem in South Korea. LGPI will export the remaining 5,000 tons of styrene monomer to South Korea by another vessel n the next couple of days.
