Mitsui-Idemitsu JV for Vietnam Refinery & Petrochem project
02 Apr '08
2 min read
(3)To capitalize on further expected business expansion opportunities in Asia, including the petrochemical business and retail businesses dealing with petroleum products.
(4)To contribute to stable crude oil procurement by further strengthening the relationship between Idemitsu and the oil producing countries (Kuwait and Vietnam) through this joint enterprise between the two nations.
Rationale for Mitsui's Investment To ensure stable procurement of aroma raw materials in order to achieve stability and profit expansion in the PTA and phenol businesses.
Signing Ceremony A signing ceremony is planned to take place in Hanoi, Vietnam in early April of 2008.
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