Seoul-Hanwha Group and DL Group have decided to end their partnership and split up Yeochun NCC Co. (YNCC), a 50-50 joint venture of their Hanwha Solutions Corp. and DL Chemical Co. subsidiaries, respectfully, reported the Korea Economic Daily. YNCC, located in Yeosu, South Korea, operates four naphtha cracking plants for the production of ethylene, propylene, butadiene, and others, which are supplied to Hanwha and DL.
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