Japan-based refiner Kashima Oil has started operations at its JPY70 billion petrochemical complex, according to Reuters, which quoted Kashima's parent Japan Energy Group.
Reuters reported that the petrochemical complex at the Kashima refinery, 80km east of Tokyo, consisted of a 60,000 barrels per day of condensate splitter, a 420,000 tonnes per year paraxylene unit, a 20,000 barrels per day catalytic reformer, a 190,000 tonnes per year aromatic solvent extraction unit and a 15,000 barrels per day trans-alkylation unit.
The petrochemical complex was built as a joint venture between Japan Energy Group with an 80% equity stake with the rest of the stake owned by Japanese trading giant Mitsubishi Corporation and Mitsubishi Chemical Corporation, according to Reuters.