Mitsui Chemicals reform petrochemical operations in Chiba area

Mitsui Chemicals to reform petrochemical operations in Chiba area

7:58 AM, 5th September 2012
Mitsui Chemicals to reform petrochemical operations in Chiba area

TOKYO, JAPAN: Mitsui Chemicals Inc (MCI) announced structural reform of its petrochemical operations to flexibly and effectively manage Chiba Chemicals Manufacturing LLP, a Limited Liability Partnership (LLP) formed with Idemitsu Kosan Co Ltd.

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. Against this backdrop, Mitsui Chemicals integrated its ethylene operations with those of Idemitsu Kosan in Chiba area to form a LLP in April 2010 and established an ethylene centre with top-level domestic competitiveness.

Production cutbacks in ethylene, however, are forecasted in line with sluggish domestic demand resulting from an influx of derivatives and decline in exports. To overcome this situation, the LLP will implement modifications and develop high efficiency at low production runs to flexibly respond to drops in demand for introduction in August 2013.

Similarly, optimization and rationalization measures to allow flexible management of the two ethylene manufacturing units of the LLP are being implemented.

In addition, at Prime Polymer Co Ltd (PRM), established by MCI and Idemitsu Kosan for polyolefin business, a shift to high value-added products from generic product areas and thorough rationalization are underway. As a result of these measures, suspension of two manufacturing units for polypropylene was decided and PRM increased production of its high value-added polymer, Evolue from November 2011 (240,000 tonne to 300,000 tonne).

To reinforce structural reform efforts, PRM recently decided the March 2013 suspension of one high-density polyethylene manufacturing unit (production capacity: 130,000 tonne) in Chiba which directly competes with general purpose products and imports. These measures will bolster the optimal operating system at the Chiba area ethylene centre.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Retail giant H&M to ban perfluorinated compounds

STOCKHOLM, SWEDEN: Swedish fashion retailer H&M has put a global ban on perfluorinated compounds (PFC) as part of its eco-friendly initiative. The ...

Read more
Air Products to build, operate ASU for Chinese fertilizer firm

LEHIGH VALLEY, US: Air Products has signed a long-term contract with Cangzhou Zhengyuan Fertilizer Co Ltd and will build, own and operate an air separ ...

Read more
Elevance Renewable withdraws initial public offering

WOODRIDGE, US: Elevance Renewable Sciences Inc has withdrawn the registration statement filed with the US Securities and Exchange Commission on 21 S ...

Read more
Perstorp forms distribution partnership with Alcouro in Brazil

PERSTORP, SWEDEN: Following the overall review of Perstorp’s use of sales channels and stronger focus on South American activities, the company ...

Read more
Enterprise Gulf coast assets resume operations; No major damage reported

HOUSTON, US: Enterprise Products Partners LP personnel have been redeployed to its onshore and offshore facilities affected by Hurricane Isaac and t ...

Read more
GVA signs tailor-made drilling unit fabrication agreement in Korea

HOUSTON, US: KBR’s subsidiary GVA signed a license agreement with Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) in Korea for fabric ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X