Japan's Taiyo Oil invests Y6bn in new Shikoku transalkylation unit

31 August 2012 10:42  [Source: ICIS news]

TOKYO (ICIS)--Taiyo Oil plans to build a 10,000 bbl/day transalkylation unit (TAU) at its 120,000 bbl/day Shikoku refinery in Ehime prefecture for yen (Y) 6bn ($76m), the Japanese company said on Friday.

The TAU will be able to produce 300,000 tonnes/year of mixed xylenes, the company said in a statement.

The investment was meant to strengthen the refinery’s flexibility at switching between producing petroleum and petrochemical products, citing Japan’s declining gasoline demand, Taiyo Oil said.

The company said that the demand-supply balance for xylenes in the region is expected to be tight, hence the need for additional supply.

Taiyo Oil said it has been strengthening its petrochemical business since it brought on stream a 25,000 bbl/day residual fluid catalytic cracker (RFCC) at the refinery in November 2010.

($1 = Y78.6)

By: Tomomi Yokomura
+65 6780 4359

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