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Asahi Kasei, Mitsubishi Launch Studies On Unification of Mizushima Crackers:: 5 Aug 2013 :: Tokyo - Asahi Kasei Chemicals and Mitsubishi Chemical have agreed to begin studies aimed at unifying their respective naphtha crackers in Mizushima, Japan, on a single cracker. In 2011, the two companies established Nishi Nippon Ethylene LLP as a limited liability company for the pur-pose of integrating and unifying the management and operations of their respective crackers in Mizushima. Each company had 500,000 t/y of ethylene capacity at the site. "The operating climate for petrochemical operations is expected to become increasingly severe with contracting domestic demand expanding supply capacity in the Middle East and China, and expanding supply capacity in the U.S. due to the shale gas revolution," they explained. Asahi Kasei and Mitsubishi plan to finish the feasibil-ity study by the end of March 2014, and anticipate unifying operations in the spring of 2016. |
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