21 April 2010 09:38 [Source: ICIS news]
"We’re conducting feasibility study on where to build this new plant. If everything goes smoothly, we target to start up the plant in 2014 or 2015," the source said on the sidelines of the Chinaplas exhibition in Shanghai.
The company planned to build the new plant in Asia, the source said, but did not reveal the sites that were being considered.
The proposed new plant, if it materialises, will only produce mLLDPE, targeting markets in China, as well as southeast and south Asia.
Mitsui Chemicals currently runs a 190,000 tonne/year mLLDPE facility at Chiba in Japan, the source said, adding that the plant would be expanded to 250,000 tonnes/year by the end of 2011.
Chinaplas, the biggest annual plastics event in Asia, runs from 19-22 April.
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