Asahi Kasei Corp. and its subsidiary Asahi Kasei Chemicals Corp. (hereinafter collectively “Asahi Kasei”) and Mitsubishi Chemical Holdings Corp. and its subsidiary Mitsubishi Chemical Corp. (hereinafter collectively “Mitsubishi”) have concluded an agreement to unify their naphtha crackers in Mizushima into one. Asahi Kasei and Mitsubishi have jointly operated the limited liability partnership Nishi Nippon Ethylene LLP since April 1, 2011, for the purpose of strengthening the competitiveness of the Mizushima industrial zone, including through alliances with oil refineries, and have performed studies for the eventual unification on one of the naphtha crackers that each company has in Mizushima. Since the operating climate in the domestic market for petrochemical operations is expected to become increasingly severe, Asahi Kasei and Mitsubishi thus judged that there is an increasing necessity to establish the optimum production configuration for highly efficient operation in order to strengthen competitiveness and enhance earnings ability. The parties have agreed to unify their naphtha crackers in Mizushima in April 2016. The products to be affected by the agreement include ethylene and propylene as main products; C4s, cracked gasoline (mixture of C5s, benzene, toluene, xylene, C9s, etc.), crude hydrogen and other secondary gases (methane, ethane, and propane), and heavy ends as byproducts.
27-Feb-14 
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