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Japan's Asahi restarts naphtha cracker post-shutdown
17
Apr '12
Operations at the sole naphtha cracker owned by Japan's Asahi Kasei Chemicals Corp, a wholly-owned subsidiary of Asahi Kasei Corp, have begun after a scheduled maintenance-related shutdown.

The plant located in western Japan had been shut since March 5, 2012 and had resumed operations on April 16.

Initially, Asahi plans to operate the naphtha cracker at its full capacity, and will later on adjust its operating capacity based on demand from the downstream industry.

Asahi Kasei Corp and Mitsubishi Chemical Holdings Corp jointly operate two ethylene-making plants in Mizushima complex in Okayama Prefecture under a 50-50 joint venture partnership.

The plants together have an annual capacity to produce 12.5 percent of Japan's total ethylene production. The two firms are now considering reducing ethylene production due to slowing demand and heightened competition from other Asian countries.

Earlier, the two petrochemical giants had considered merging the two Mizushima facilities, but the decision has been put off as shutting down one of the units would create a shortage of some raw materials.

Fibre2fashion News Desk - India

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