Japan's Maruzen Petrochemical said on Friday it shut its sole naphtha cracker at Chiba, east of Tokyo, with capacity to produce 480,000 tons per year of ethylene, after a strong earthquake.
Maruzen's Keiyo Ethylene unit also shut a 690,000 tpy naphtha cracker in Chiba after the quake, a Maruzen spokesman said.
Keiyo Ethylene is 55%-owned by Maruzen Petrochemical and 22.5% each by Mitsui Chemicals and Sumitomo Chemical.
Compelling solutions through strategic partnerships
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The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
