28 March 2012 10:38 [Source: ICIS news]
Correction: In the ICIS story headlined "?xml:namespace>
TOKYO (ICIS)--Japanese chemical producer Mitsubishi Chemical will permanently shut its 30,000 tonne/year butanediol (BDO) facility, which produces 1,4-butanediol, at
The producer is shutting the plant to increase the competitive edge of its butylenes (C4) business, Mitsubishi Chemical said in a statement.
However, the company will only operate its 60,000 tonne/year BDO plant at the same site to improve its profits in the BDO sector, Mitsubishi Chemical said.
The production costs of BDO have risen because of the firming prices of feedstock butadiene (BD) in the recent years, led by the growth of synthetic rubber demand, the statement said.
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