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Asahi Kasei and Mitsubishi Chemical Considering Unification of Cracker Operations at Mizushima

9:16 AM MDT | June 2, 2009 | Deepti Ramesh

Asahi Kasei and Mitsubishi Chemical say they are studying the possibility of unifying their respective naphtha cracker operations at Mizushima, Japan. Following the study, if an agreement is reached, the companies plan to sign a letter of intent. As a result of the broad decline in demand for petrochemical products, and with the prospect of global overcapacity as large-scale petrochemical facilities come onstream in the Middle East and elsewhere, it has become imperative for the Japanese petchem industry to formulate measures to increase its competitiveness, both...

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