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Idemitsu Kosan and Mitsui & Co. cancel plans for US alpha olefins project

7:35 AM MDT | May 5, 2014 | Natasha Alperowicz

Idemitsu Kosan and Mitsui & Co. have decided not to proceed with their proposed, equally owned, linear alpha olefins joint venture project in the United States. The companies announced last year that they were studying a project to build a 330,000-m.t./year plant to take advantage of low cost ethylene feedstock in the country and planned to locate the facility at Dow Chemical’s Freeport, TX, site. Dow agreed to a long-term ethylene offtake deal with the jv, subject to final investment decision.   Dow says in a statement that the offtake agreement...

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