Mitsubishi and Asahi Kasei in Cracker JV

Asahi Kasei and Mitsubishi Chemical plan to merge their two 500,000 t/y crackers at the Mizushiman site operated by Nishi Nippon Ethylene in Japan's Okayama prefecture.

To operate the larger facility, the two Japanese chemical majors have agreed to establish a 50:50 joint venture, Asahi Kasei Mitsubishi Chemical Ethylene Corp, which will start business in April 2016.

"After the start-up, Nishi Nippon Ethylene will perform the removal and disposal of equipment as required due to unification of the naphtha crackers," the two companies said in a statement.

Asahi Kasei Mitsubishi Chemical Ethylene will have market capital of 2 billion yen ($16 million), with sales of about 160 billion Yen.

Virtual Event

DIGITALIZATION IN THE CHEMICAL INDUSTRY

DIGITALIZATION IN THE CHEMICAL INDUSTRY

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.