Mitsui Chemicals, Inc., with its head office in Tokyo, Japan, will initiate a specific measure, to suspend operation of manufacturing facilities for isopropyl alcohol (IPA) from propylene and construct facilities for production of IPA (Iso Propyl Alcohol), from acetone, a product of the company's phenol chain operations. IPA is solvent widely used in coatings and inks. As it has minor environmental burden, demand continues to expand in line withAsia's growing GDP. Shortages in raw material propylene are predicted, resulting in unstable supply and higher prices. As European and American markets favour light feed petrochemicals, continued high prices for propylene are forecast. IPA exports to Asia from Europe and the United States are expected to continue to fall.
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