Vizag Gas Leak: LG Chem Starts Moving Styrene Monomer Inventory To South Korea
Signage for LG Chem is displayed at a company plant at the Yeosu Industrial Complex in Yeosu, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

Vizag Gas Leak: LG Chem Starts Moving Styrene Monomer Inventory To South Korea

Bookmark

Following the Vizag gas leak, LG Chem Ltd. has started moving the styrene monomer inventory from LG Polymers India Ltd.’s Visakhapatnam-based plant to South Korea to eliminate all risk factors.

The company would continue to work with government agencies to ensure all possible support for bereaved families and victims, LG Polymers, the step-down firm of LG Chem, said in a statement on Thursday.

"We confirm the status quo of the plant remains completely controlled by all measures. We have begun the transportation of the Styrene Monomer inventory within the plant as well as in the styrene tanks at the port by vessels to South Korea to prevent and eliminate all risk factors," the statement said.

The South Korean chemicals firm has sent an eight-member team from Seoul to probe the Vizag gas leak incident and rehabilitate the victims of the tragedy that killed at least 11 people and forced evacuation of thousands others.

"The team of production, environment, and safety experts are currently investigating the cause of the incident and already supporting responsible rehabilitation, which is their main objective," the statement said.

Furthermore, the team is working closely with related authorities to analyse the cause of the incident, prevent a recurrence, and support damage recovery in a prompt and expedient manner, it added.

On the support measures, LG Chem said a special task force is currently supporting the bereaved victims and families and visiting them at the hospitals and their homes.

Besides, food and medical services have been organised for the returning residents. Various support activities, such as supplying medical and household goods and sanitation of homes, will be continued, it said.

Also Read: Civil And Criminal Process That Ought To Follow The Vizag Gas Leak

"We assure everyone we will do our best to resolve the situation and prevent any incident in the future," the company said. "Our teams will carry out mid-to-long-term Corporate Social Responsibility projects that can contribute to the local community based on suggestions of the residents".

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.