Asia's petrochemical sector still reeling from economic collapse

The Chandra Asri complex, Indonesia's sole ethylene producer, has racked up huge losses recently because of the continuing economic crisis in Indonesia and elsewhere in Asia. Japan's Marubeni Corp., a principal investor in the complex, has seen its credit rating downgraded because of its exposure to Indonesia's troubled petrochemical sector. Photo courtesy of Marubeni. Mitsubishi Chemical Corp. has cut back its ethylene output by 10% in response to the economic and petrochemical industry downturns in Japan. Shown here is Mitsubishi's Mizushima ethylene complex in Japan. Photo courtesy of Mitsubishi [40,239 bytes]. Mitsui Chemicals Inc.'s...

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