Business / Corporate May 13, 2014

Mitsubishi unit in deal to beef up shale gas biz

Mitsubishi Chemical Holdings Corp. will purchase a majority stake in Taiyo Nippon Sanso Corp. to provide nitrogen needed by the expanding shale gas business in the United States, Mitsubishi Chemical officials said Tuesday. Mitsubishi Chemical plans to spend over ¥100 billion to make Taiyo Nippon ...