Nurluqman Suratman
30-Nov-2023
SINGAPORE (ICIS)Japans Mitsui Chemicals is considering downsizing its domestic phenols business, as well as optimize domestic cracker and polyolefin operations, as part of its business restructuring, to transition into a specialty chemicals producer by the end of the decade.
The company is mulling domestic downsizing of its phenol/acetone plants, citing a decision by Japanese producer Idemitsu Kosan to withdraw from the bisphenol A (BPA) business by October 2024 due to oversupply.
Phenol and acetone are feedstocks for the production of BPA.
Mitsui Chemicals operates a pla…
Read the full article at: https://www.icis.com/explore/resources/news/2023/11/30/10949400/japan-s-mitsui-chemicals-restructuring-continues-amid-asia-oversupply/