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Asahi Kasei & Mitsubishi merge naphtha crackers facilities
Mar '14
Asahi Kasei Corp. and its subsidiary Asahi Kasei Chemicals Corp. and Mitsubishi Chemical Holdings Corp. and its subsidiary Mitsubishi Chemical Corp have concluded an agreement to unify their naphtha crackers in Mizushima into one, as the result of the study announced in the press release dated August 2, 2013.
Asahi Kasei and Mitsubishi have jointly operated the limited liability partnership Nishi Nippon Ethylene LLP since April 1, 2011, for the purpose of strengthening the competitiveness of the Mizushima industrial zone, including through alliances with oil refineries, and have performed studies for the eventual unification on one of the naphtha crackers that each company has in Mizushima. 
Since the operating climate in the domestic market for petrochemical operations is expected to become increasingly severe, Asahi Kasei and Mitsubishi thus judged that there is an increasing necessity to establish the optimum production configuration for highly efficient operation in order to strengthen competitiveness and enhance earnings ability. 
As a result of the concrete studies advanced based on the premises specified in August 2013, the parties have agreed to unify their naphtha crackers in Mizushima
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Asahi Kasei Corp

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