Sumitomo Acquiring All of Nihon Oxirane; Will Cease SM, PO, PG Production in '15

摘要

Tokyo— Sumitomo Chemical has reached an agreement to acquire the remaining 40 interest in Japan-based Nihon Oxirane Co. (NOC) from joint venture partner LyondellBasell, giving Sumitomo full ownership. Sumitomo also plans to end NOC's styrene monomer (SM), propylene oxide (PO) and propylene glycol (PG) production at Chiba by the end of May 2015. NOC produces 425,000 t/y of SM, 181,000 t/y of PO and 100,000 t/y of PG. Once production stops, Sumitomo will manufacture and sell PO from its "PO-only" process plant at Chiba.