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Mitsui, Idemitsu to Rationalize Chiba Complex

8:59 AM MDT | September 14, 2012

Mitsui Chemicals says it plans to restructure its petrochemical operations at Chiba, Japan “to flexibly and effectively manage” the company’s existing partnership with Idemitsu Kosan. The companies formed a 50-50 alliance in 2010 by combining Mitsui’s 553,000-m.t./year steam cracker at Chiba with Idemitsu’s 374,000-m.t./year Chiba cracker. The companies will implement optimization and rationalization measures for the two units, Mitsui says. The restructuring is a response to the competitive challenge from new large-scale petrochemical plants in the...

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