Mitsui Chemicals to Sell Singaporean Phenol Subsidiary to Ineos

Mitsui Chemicals will transfer all shares of its consolidated subsidiary Mitsui Phenols Singapore (MPS) to Ineos effective March 1, 2023. MPS will be excluded from the scope of consolidation of Mitsui Chemicals as a result of the share transfer. MPS has been developing its phenol business – including phenol, acetone, bisphenol A, and α-methylstyrene – in Singapore since its establishment…