Mitsubishi Chemical Group considers spinning off petrochemical business
By
Katsumori Matsuoka, special to C&EN
Right out the toaster. Reliable, with some real depth.
Summary
Mitsubishi Chemical Group, Japan's largest chemical maker, is considering spinning off its petrochemical business as part of a broader restructuring of Japan's commodity-chemical sector. The move represents another round of consolidation in the country's petrochemical industry, with the company aiming to complete the spin-off process.
Key quotes
· 3 pulledMitsubishi Chemical Group, the country's largest chemical maker, says it has begun considering a spin-off of its petrochemical business
Japan's petrochemical industry is undergoing another round of consolidation
Plan is latest step in restructuring of Japan's commodity-chemical sector
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