JAPAN: Asahi Kasei, Mitsubishi launch studies on unification of Mizushima naphtha crackers

In 2011, the two companies established Nishi Nippon Ethylene LLP as a limited liability company for the purpose 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 feasibility study by the end of March 2014, and anticipate unifying operations in the spring of 2016.

Source: Weekly "PetroChemical News", Durham, NC, USA; 5 Aug 2013
(Syed Rashid Ali, Karachi, Pakistan)