Japan’s Mitsui restarts IPA unit, eyes Aug shutdown

31 July 2009 12:25  [Source: ICIS news]

SINGAPORE (ICIS news)--Mitsui Chemicals, the smallest of three isopropanol (IPA) producers in Japan, restarted its 33,000 tonne/year plant in Osaka as scheduled on 25 July but is eyeing a shutdown next month due to poor economics, a company official said on Friday.

“We plan to shut the IPA plant from 17 August to the end of the August,” he said. “Now that we have no plans to export to China, we have a lot of stocks and we would need to reduce production.”

Weak domestic demand in Japan and unattractive prices in export markets such as China had prompted the producer to take the IPA plant off line for two weeks in early July.

IPA producers were feeling the pinch from rising feedstock propylene prices and at least four producers in Asia were keeping operating rates at reduced levels of 60-80%.

Nippon Oil and Tokuyama are the other two IPA producers in Japan.

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By: Peh Soo Hwee
+65 6780 4359



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