Japan's Mitsui Chemicals to cut phenol/acetone plant run rates

10 August 2012 10:56  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Mitsui Chemicals is planning to reduce operating rates at its phenol/acetone plant in Chiba to 65% capacity in mid-August because of poor margins, a company source said on Friday.

Margins have been under pressure because of the current weak downstream demand and high feedstock benzene and propylene prices, according to industry sources.

The plant, which can produce 190,000 tonnes/year of phenol and 114,000 tonnes/year of acetone, is currently running at full rates, the source said.

Mitsui Chemicals runs another phenol/acetone plant in Chiba, which is a joint venture between Mitsui Chemicals and Idemitsu Kosan and can produce 230,000 tonnes/year of phenol and 138,000 tonnes/year of acetone.

The plant is currently running at full capacity, the source said.

By: Liu Xin
+65 6780 4359

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