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Mitsui Chemicals will spend about $40 million to rebuild and expand its isopropyl alcohol facility in Osaka. The new plant, expected to come on-line in April 2013 with annual capacity of 60,000 metric tons, will use acetone as a feedstock instead of propylene. Mitsui is a major producer of phenol and generates acetone as a by-product. The company says the feedstock switch will strengthen the competitiveness of its phenol production chain at a time when propylene prices are expected to rise.
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