01 April 2010 11:07 [Source: ICIS news]
TOKYO (ICIS news)--Japan’s Mitsui Chemicals and Idemitsu Kosan have formed a joint venture company that would operate their naphtha crackers at Ichihara in the Chiba prefecture, the companies said in a joint statement.
The 50:50 joint venture company called Chiba Chemicals Manufacturing LLP would help optimise the operations of Mitsui Chem’s 553,000 tonne/year cracker and of Idemitsu Kosan’s 374,000 tonne/year ethylene plant.
Integrating the two crackers would help Chiba Chemicals Manufacturing compete with huge petrochemical plants in the Middle East and ?xml:namespace>
This was the first step of the production optimization strategies at the
What feedstock would be used at the crackers would be decided by the new company, said Mitsui Chemicals spokesperson Hiromichi Hori.
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