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Japan’s Asahi Kasei, Mitsubishi Chem form JV for a joint cracker

by ChemOrbis Editorial Team -
  • 28/05/2015 (12:16)
According to statements on the companies’ websites, Japan’s Asahi Kasei Corp. and its subsidiary Asahi Kasei Chemicals Corp. and Mitsubishi Chemical Holdings Corp. and its subsidiary Mitsubishi Chemical Corp. have agreed to launch a 50-50 joint venture for the operation of a unified naphtha cracker in Mizushima.

The joint venture is expected to start up in April 1, 2016. Currently, Nishi Nippon Ethylene LLP is operating the companies’ naphtha crackers in Mizushima and once the joint venture comes on stream, Nishi Nippon Ethylene LLP will perform the removal and disposal of equipment necessary to launch the unified naphtha cracker.
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