Mitsui Chemicals to close phenol plant Ichihara, Japan
The Mitsui Chemicals Group’s Basic & Green Materials Business Sector, which includes phenol business, is aiming to redefine itself as a sustainable green chemicals business centered around competitive derivatives. As the Group works toward an optimized production setup at the company’s crackers line with demand, it will need to ensure that its derivatives are competitive – a need which prompted the Group to begin restructuring its Basic & Green Materials Business Sector shortly after the 2008 global financial crisis. The Group is now further accelerating its efforts toward this end as part of a second phase of restructuring, which will include the newly announced plant closure.
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