Skip to main content

Idemitsu Kosan ends petrochemical JV with BASF

Published by , Editor
Hydrocarbon Engineering,


Idemitsu Kosan has resolved to terminate its joint venture (JV) agreement with BASF regarding production and sales of 1,4-Butanediol (BDO) by BASF Idemitsu Co., Ltd. (BASF 67% Idemitsu 33%, hereafter BIC) and to withdraw from the BDO business.

BDO is an organic compound used as a raw material of stretchable fibres and engineering plastics. Idemitsu said the business environment has deteriorated in recent years due to a decline in domestic demand and an oversupply caused by the expansion of facilities in Asia.

BIC's production plant for BDO (with a production capacity of 25 000 tpy) in the Chiba complex will cease operation in December 2020. BASF will take over BIC’s BDO business and continue supplying to customers in Japan going forward.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/20082020/idemitsu-kosan-ends-petrochemical-jv-with-basf/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Downstream news Downstream contract news Downstream petrochemical news