Japan Energy, M'Bishi Chemical to Join Hands on Petrochemical Materials
Posted on: Monday, 7 November 2005, 18:00 CST
Tokyo, Nov. 7 (Jiji Press)--Japan Energy Corp. and Mitsubishi Chemical Corp. said Monday that they will invest 70 billion yen to jointly set up production facilities for light naphtha and other materials for petrochemical products.
The planned facilities will be built at the Kashima refinery of Kashima Oil Co., a Japan Energy-affiliated oil company based in Ibaraki Prefecture, north of Tokyo. The move is intended to keep pace with increasing demand in Asia and the Middle East.
Japan Energy, a unit of Nippon Mining Holdings Inc. , will shoulder 90 pct of the planned investment, while Mitsubishi Chemical, a unit of Mitsubishi Chemical Holdings Corp. , will put up the remaining 10 pct.
The new facilities, whose construction will start in September 2006 to begin production in January 2008, will produce 850,000 kiloliters a year of light naphtha, 410,000 tons of paraxylene and 170,000 tons of benzene.
Japan Energy will receive the whole output of paraxylene and benzene. Mitsubishi Chemical will take the light naphtha.END
Source: Jiji Press English News Service
Related Articles
- MIT granted an 8,000 square foot operation facility in Taizhou city for a period of 2 and half years
- Titan Energy Worldwide Awarded $130,000 Service Contract for Iowa Telecommunications Company's Backup Power Generators
- Cash4Gold Purchases a 40,000 Sqft Gold Processing Facility
- Renewable Energy in Japan
- Groom Energy Solutions Delivers Hybrid Parking Garage Lighting Fixture, Dramatically Reducing Energy While Improving Brightness
- ECBC Opens New Chemical and Biological Detection Test Facility
- US Energy Initiatives Receives $54,000,000 Agreement to Convert 10,000 Buses Over Five Years and to Grant Exclusive License Rights for the Bus Industry to PS Natural Gas Company Ltd Thailand
- Mitsubishi Gas Chemical Entering into Natural Gas Business
- Mitsubishi Gas Chemical Farms into Ivanhoe Energy's Sichuan Gas Project in China
- Northern Power Purchases 110,000 Sq. Foot Manufacturing Facility
 |
 |
User Comments (0)
RSS Feeds