Further deterioration in demand over the next couple of years amid a global economic meltdown is compeling several key petrochem players to rethink their strategies. As ethylene makers in Japan, Southh Korea and Singapore have carried out drastic cuts in run rates in recent months to cope with waning demand, Japan's top ethylene maker, Mitsubishi Chemical Holdings Corp is considering consolidation of its naphtha crackers, possibly with other players in the region.
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Thursday, December 11, 2008
Japan Mitsubishi Chem plans consolidation of naphtha crackers
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