Japan’s Idemitsu and Mitsui plan to consolidate ethylene complexes
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release on Mitsui Chemicals’ website, the company and Idemitsu Kosan began talks to consolidate their ethylene complexes in Chiba, Japan to optimize production.
The two companies have been jointly operating two ethylene facilities in Chiba since 2010. Idemitsu’s ethylene complex has a production capacity of 370,000 tons/year and Mitsui’s has 550,000 tons/year.
The companies plan to close Idemitsu’s facility and consolidate production at Mitsui’s plant. The facility will be operated by a limited liability partnership (LLP) or a joint venture starting as of fiscal year 2027.
“Japanese ethylene complexes continue to be forced to operate at a low rate due to both the opening of large new additional petrochemical complexes, mainly in China, and the diminishing domestic ethylene demand,” the companies stated.
The two companies have been jointly operating two ethylene facilities in Chiba since 2010. Idemitsu’s ethylene complex has a production capacity of 370,000 tons/year and Mitsui’s has 550,000 tons/year.
The companies plan to close Idemitsu’s facility and consolidate production at Mitsui’s plant. The facility will be operated by a limited liability partnership (LLP) or a joint venture starting as of fiscal year 2027.
“Japanese ethylene complexes continue to be forced to operate at a low rate due to both the opening of large new additional petrochemical complexes, mainly in China, and the diminishing domestic ethylene demand,” the companies stated.
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