Mitsui and Sumitomo in L-LDPE joint venture

Nov 20, 1996 01:00 AM

Mitsui Petrochemical Industries and Sumitomo Chemical have set up a joint venture to produce a new polyethylene resin that is easier to process and more durable. The new firm will produce metallocene catalyst-based L-LDPE at a 200,000 tpy capacity plant to be built at Mitsui's plant in Ichihara, Chiba Prefecture, in spring 1998. The joint venture, Evolue Japan Co., is 75 % Mitsui Petrochemical and 25 % Sumitomo Chemical. The partners will split the 9 billion yen plant construction cost and allocate the product by the same equity proportions. Polyethylene resin made in this method is stronger and easier to process than similar resins made by ordinary processes, making it more suitable for bottles and other containers.

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