05 September 2012 06:13 [Source: ICIS news]
Chiba Chemicals Manufacturing LLP is a 50:50 joint venture between Mitsui Chemicals and Idemitsu Kosan.
The firm was set up to help optimise the operations of Mitsui Chemical’s 553,000 tonne/year cracker and of Idemitsu Kosan’s 374,000 tonne/year ethylene plant at
Chiba Chemicals Manufacturing LLP “will implement modifications and develop high efficiency at low production runs to flexibly respond to drops in demand” in line with sluggish domestic demand resulting from an influx of derivatives and a fall in exports, Mitsui Chemicals said.
“Similarly, optimization and rationalization measures to allow flexible management of the two ethylene manufacturing units of the LLP are being implemented,” the company added.
The new optimisation measures will also include the suspension of output at a 130,000 tonnes/year high density polyethylene (HDPE) in March next year, Mitsui Chemicals said without elaborating further.
The HDPE unit is operated by Prime Polymer Co, a joint venture between Mitsui Chemicals and Idemitsu Kosan.
“Construction of new large-scale petrochemical facilities in the Middle East and China and increased reliance on shale gas in North America have forced Japan’s petrochemical industry to undertake sweeping fundamental reforms to strengthen its competitiveness in the global market,” Mitsui Chemicals added.
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