MOSCOW (MRC) -- A Mitsubishi spokesman confirmed it had bought naphtha from Iran recently, but declined to comment on details or which refinery the cargo was from due to company policy, said Hydrocarbonprocessing.
Japan's customs-cleared trade data, which started in 1988, showed Japan last imported a naphtha cargo from Iran in October.
January data is not available until Feb. 24. PGSR has a condensate splitter but traders say it is only making sporadic offers now as its secondary units are not ready.
Once its secondary units are commissioned this year, the refinery will cease naphtha exports as the fuel will be channeled to the gasoline pool.
As MRC informed earlier, Mitsubishi Chemical Holdings Corp. (MCHC) has unveiled plans for an absorption-type split-off of the existing operations of its wholly-owned Mitsubishi Chemical Corp. (MCC) and Mitsubishi Plastics Inc. (MPI) subsidiarie.
Mitsubishi Chemical with headquarters in Tokyo, Japan, is a diversified chemical company involved in petrochemicals, polymers, agrochemicals, speciality chemicals and pharmaceuticals. The company's main focus is on three business pillars: petrochemicals, performance and functional products, and health care.
MRC