Phenol Plant Closure Phenol Production at Chiba, Japan, Will be Shut Down
Mitsui Chemicals shuts down its phenol production plant at Chiba Phenol. The closure follows a period of sales slumps in domestic phenol and deterioration in export profitability due to oversupply from new facilities in Asia, Mitsui officials stated.
Tokyo/Japan – The Chiba Phenol facility was established in 1990 by a cooperation of Mitsui and Idemitsu with a production capacity of 250,000 tons of phenol and 80,000 tons acetone per year. The facility will close on September 30th, company speakers stated.
Mitsui Chemicals will meet Idemitsu's phenol needs by providing in-house produced phenol. The two companies will take actions to intensify cost competitiveness in their respective phenol chains.