"TOKYO: Japan's Mitsubishi Chemical Holdings Corp will invest about 50 billion to 60 billion yen ($590 million to $710 million) in a plant that will use low-cost materials from Dow Chemical Co and take advantage of cheap North American shale gas, the Nikkei business daily said.
Mitsubishi Chemical plans to build an acrylic resin-processing plant next door to a planned Dow ethylene plant in Freeport, Texas, as estimates put the cost savings of making chemicals there at about 95 per cent of making them in Japan, the paper said on Sunday without citing sources."..........
