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Business
Japanese Partners Plan Ethylene Closure
by Marc S. Reisch
August 12, 2013
| A version of this story appeared in
Volume 91, Issue 32
Mitsubishi Chemical and Asahi Kasei Chemicals, which now jointly operate two 500,000-metric-ton-per-year ethylene crackers in Japan’s Mizushima industrial zone, plan to shut down Asahi’s unit by 2016 while they continue to operate Mitsubishi’s cracker. Both naphtha-based units are about 40 years old. The two firms put the crackers under joint management in 2011 with an eye toward cutting back because of a looming glut of petrochemicals coming from the Middle East, China, and the U.S. A plan for the shutdown should be completed by March 2014, the partners say.
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