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Mitsui Chemicals starts commercial production at new LUCANT plant in Chiba

July 06/2021

MOSCOW (MRC) -- Mitsui Chemicals, Inc. (Tokyo) has recently started the commercial production of a new plant to produce LUCANT, a series of hydrocarbon-based synthetic fluid, at its Ichihara Works in Ichihara, Chiba Prefecture, according to MarketScreener.

With this new plant coming on top of an existing plant at Iwakuni-Ohtake Works, Mitsui Chemicals' production capacity for LUCANT is now set to increase, allowing the company to comfortably keep up with the strong global demand for the product. Further, by moving to a two-base system spread across Iwakuni-Ohtake Works and Ichihara Works, Mitsui Chemicals aims to bolster its business continuity planning for LUCANT.

Mitsui Chemicals' LUCANT is a high-performance hydrocarbon-based synthetic oil - the world's first such product to be offered commercially. In addition to its viscosity being largely resistant to temperature changes, the material has a number of other noteworthy properties, including excellent shear stability and thermochemical stability.

These characteristics see LUCANT finding use as a viscosity modifier in applications that require very high quality - such as gear oil for automotive drivelines, as well as industrial lubricants and greases. The product has been approved for use by prominent automakers and lubricant manufacturers.

Amid an era of heightening needs for eco-friendly products, LUCANT is expected to meet with rising global demand as a product able to help achieve improved fuel efficiency and longer operating life.

Mitsui Chemicals has a strategic partnership with The Lubrizol Corporation's Additives Segment (Segment President:Tom Curtis ) which acts as a major producer of lubricant additive packages. Going forward, both Mitsui Chemicals and Lubrizol intend to further expand and grow the LUCANT business in the lubricant market.

Further, as its own independent initiative, Mitsui Chemicals intends to tackle market development and application development for the expanded use of LUCANT as a functional liquid polymer, including applications as a modifier for elastomers and engineering plastics.

As MRC reported earlier, in May, 2021, Neste, Mitsui Chemicals, Inc. and Toyota Tsusho Corp. announced they are joining forces to enable JapanТs first industrial-scale production of renewable plastics and chemicals from 100% bio-based hydrocarbons.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.
Author:Margaret Volkova
Tags:elastomer, car components, petrochemistry, adhesives, Lubrizol, Mitsui, Neste oil, Toyota motor, Japan.
Category:General News
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