Idemitsu, Mitsui Consider U.S. Chemical Plant on Cheap Gas
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Japanese oil refiner Idemitsu Kosan Co. and trading company Mitsui & Co. will consider building a petrochemical plant in the U.S. to take advantage of cheap natural gas.
Idemitsu Kosan and Mitsui will carry out studies on a project to produce 330,000 metric tons a year of alpha olefins, which are used as additives in polyethylene and other synthetic resins, the two companies said in a statement today. The plant would buy ethylene from Dow Chemical Co. and sell part of its alpha olefins output back to the biggest U.S. chemical maker, according to the statement.