两大石化企业申请业务重组，涉及乙烯产能达195万吨/年！

Group 1 - The core point of the article is the announcement by two major South Korean petrochemical companies, Lotte Chemical and HD Hyundai Chemical, regarding their application to the government for approval of their petrochemical business integration plan, aimed at enhancing industry competitiveness and optimizing industrial layout [1][2] - The integration plan specifically addresses the structural overcapacity issue in the naphtha cracking center (NCC) within the domestic petrochemical industry, with Lotte Chemical planning to divest its NCC operations at the Daesan Industrial Complex and merge them with HD Hyundai Chemical [1] - The restructuring involves a total ethylene production capacity of 1.95 million tons per year, with Lotte Chemical's Daesan plant contributing 1.1 million tons and HD Hyundai Chemical contributing 850,000 tons [1] Group 2 - The South Korean petrochemical industry is facing a severe survival crisis due to continuous new capacity additions leading to oversupply and significant profit margin declines [2] - In response to the crisis, ten major South Korean petrochemical companies signed an agreement in August to restructure their businesses, which includes substantial capacity reductions to fundamentally improve competitiveness [2]