Idemitsu, Mitsui consider petrochemical plant in USA to benefit from cheap natural gas

01-Apr-13

In a move to benefit from cheap natural gas, Japanese oil refiner Idemitsu Kosan Co. and trading company Mitsui & Co. will consider building a 330,000 tpa alpha olefins in USA. Studies are underway. Alpha olefins are used as additives in polyethylene and other synthetic resins, as per Bloomberg. Ethylene feedstock for the plant will be sourced from Dow Chemical Co. Part of its alpha olefins output will be sold back to Dow.