October 25, 2023
Others
Notice of Withdrawal from Bisphenol A Business
Idemitsu Kosan Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Director, President and Chief Executive Officer: Shunichi Kito, hereinafter referred to as "Idemitsu") has decided to withdraw from the Bisphenol A business.
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.
[Outline of Bisphenol A Business]
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Target product: Bisphenol A
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Production base: Chiba Complex (2-1 Anesaki Kaigan, Ichihara City, Chiba Prefecture)
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Production capacity: 81,000 tons/year
Regarding news release
contact information
Idemitsu Kosan Co., Ltd. Public Relations Department, Public Relations Division