Asahi Kasei, Mitsubishi Chemical JV at Mizushima gets green light

摘要

Asahi Kasei and Mitsubishi Chemical on Wednesday announced that they have received all necessary regulatory approvals to establish the previously announced 50-50 joint venture company Asahi Kasei Mitsubishi Chemical Ethylene (Tokyo), which will combine the companies' naphtha cracking operations at Mizushima, Japan. The new jv will become operational on 1 April. Asahi Kasei and Mitsubishi Chemical have also announced that Makoto Sakamoto has been appointed president and Hiroaki Numata v.p. of Asahi Kasei Mitsubishi Chemical Ethylene, effective 1 April. Sakamoto is currently general manager of the basic chemicals division of Asahi Kasei, and Numata is the assistant to the COO at Mitsubishi Chemical's basic petrochemicals division.