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Idemitsu and Mitsui Plan Petchem Cooperation

7:54 AM MDT | May 25, 2009

Idemitsu Kosan and Mitsui Chemicals say they have submitted proposals to the Ministry of Economy, Trade, and Industry (METI; Tokyo) for a project to optimize naphtha supply at the companies’ respective manufacturing complexes at Chiba, Japan. METI confirmed recently that the plan is eligible for Japanese government subsidies under a scheme to establish more secure and stable supply, and efficient consumption, of crude oil and other feedstocks at Japan’s refinery and petrochemical complexes through improved integration. The Idemitsu-Mitsui project will...

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