09 May 2013 10:38 [Source: ICIS news]
TAIPEI (ICIS)--Japanese chemical producer Mitsubishi Chemical is on track to permanently shut its 392,000 tonne/year No 1 naphtha cracker at Kashima in April/May 2014 as part of its structural reform plans to cut costs, a company source said on Thursday.
He was speaking to ICIS at the sidelines of the Asia Petrochemical Industry Conference (APIC 2013), which is being held in Taipei on 9-10 May.
Separately, the company’s 493,000 tonne/year naphtha cracker in Mizushima is on schedule to be shut in mid-May for a turnaround until early July, the source said.
The company plans to run the No 1 cracker in Kashima and the 489,000 tonne/year No 2 cracker at the same site at full rates this month because of the ethylene shortage from the planned maintenance at the Mizushima plant, the source added.
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