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Markets :: Basic Chemicals :: Petrochemicals :: Terephthalic acid

Mitsubishi to Quit PTA and P-Xylene Production in Japan

1:00 PM MST | February 27, 2009 | IAN YOUNG

Mitsubishi Chemical says it plans to cease production of purified terephthalic acid (PTA) and para -xylene in Japan with the closure of two plants next year. The company will permanently close a 100,000-m.t./year p -xylene unit at Mizushima, Japan in May 2010 and a 250,000-m.t./year PTA plant at Matsuyama, Japan in December 2010. The end of the line: PTA production will cease at Mitsubishi’s Matsuyama unit by the end of next year. Mitsubishi says its Japanese PTA business is losing money because of falling demand in the domestic market. The Matsuyama plant...

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