MRC -- Idemitsu Kosan Co.,Ltd. has decided to withdraw from the Bisphenol A business, said the company.
Bisphenol A is an organic compound synthesized from phenol and acetone, and is used as a raw material for polycarbonate resin, epoxy resin, flame retardant resin, etc.
In 1991, Idemitsu commercialized Bisphenol A at the Chiba Complex with its own technology, and for more than 30 years since then, it has been developing the Bisphenol A business by striving for safe and stable operation and improvement of quality.
However, in recent years, the business environment has deteriorated owing to an oversupply caused by the expansion of facilities in Asia. As a result of examining our future business policies, we have determined that it will be difficult to continue the business.
Based on this decision, we will withdraw from the Bisphenol A business and stop operating the manufacturing equipment at Idemitsu’s Chiba Complex by October 2024.
We remind, Idemitsu Kosan Co.,Ltd. (Tokyo) will increase the production capacity of Plant 1 (launched in November 2021), small pilot facilities for solid electrolytes (planned completion: within fiscal 2024), in order to expand the use of all-solid-state lithium-ion rechargeable batteries. In addition, Plant 2, comprising small pilot facilities, will start operation in July this year. The company will steadily supply solid electrolytes to car/battery manufacturers and others who are developing all solid-state batteries.