May 2003

Special Report: ACHEMA 2003

ACHEMA Perspective 2003-Japan

The petrochemical industry plays a vital role in the Japanese economy. Similar to other national economies, 2002 proved to be a challenging year. Japan's 2002 ethylene production was 7...

Tsuneto, A., HP Editorial Staff

The petrochemical industry plays a vital role in the Japanese economy. Similar to other national economies, 2002 proved to be a challenging year. Japan's 2002 ethylene production was 7.15 thousand metric ton (Mmt), a 2.8% decline from 2001 (Table 1). This trend follows two consecutive years of suppressed ethylene production since 2000. Conversely, aromatics (benzene, toluene and xylene) production was 10.5 Mmt, a 2.8% improvement over 2001 (Table 2). Due to declining exports and low product market prices in 2001, petrochemical companies experienced disappointing profits. The average profit/sales ratio of domestic petroch

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