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Japan’s Chemical Industry Consolidates Amid Chinese Oversupply

[ad_1] Japan’s chemical majors are taking bold steps to weather a storm of margin pressure created by a glut of Chinese petrochemical capacity. In a watershed move, Mitsui Chemicals, Idemitsu Kosan, and Sumitomo Chemical have signed a memorandum of understanding to integrate their domestic polyolefin (PO) operations into Prime Polymer, …

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