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Mitsubishi Chemical says it will close its methyl methacrylate (MMA) and methacrylic acid facility in Beaumont, Texas, by the end of February 2021. The firm will take a $230 million charge to account for the closure, which it attributes to a need to boost competitiveness. The plant produces MMA, AN acrylic polymer raw material from hydrogen cyanide and acetone. Mitsubishi said in March that it is considering building a larger MMA plant in the US with newer technology that uses ethylene, methanol, and carbon monoxide as feedstocks.
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