Japan's Maruzen to replace naphtha cracking furnaces
TOKYO, (Reuters) -Japan’s Maruzen Petrochemical, a subsidiary of Cosmo Energy Holdings, said it would replace naphtha cracking furnaces at its 525,000 tonnes-per-year naphtha cracker in 2020 for an undisclosed sum.
Two new bigger furnaces will be installed during a planned maintenance shutdown in around May-June 2020, a company spokesman said.
The company will halt operations of six of 20 existing furnaces, two of which will be scrapped, he said. Four others will be fired up during a maintenance shutdown of other furnaces to minimize the impact to production, he added.
The move will result in no change in the cracker’s annual ethylene output capacity of 525,000 tonnes, he said.
The company has awarded the project to Japan’s Toyo Engineering Corp.
(Reporting by Osamu Tsukimori; Editing by Gopakumar Warrier)
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