Idemitsu Kosan Considering Purchase Of Eneos' Chita Paraxvlene Facility

摘要

Tokyo—Idemitsu Kosan said it has concluded a basic memorandum with Eneos to acquire Eneos' 400,000-t/y paraxylene manufacturing plant and ancillary facilities in Chita City, Aichi Prefecture, Japan, for an undisclosed amount (see related story, pg. 2). "To prepare for the structural decline in demand for domestic petroleum products and the future growth of the Asian market, the company has been setting up an optimal production and supply system," Idemitsu Kosan noted.