Profile/Company History

Profile/Company

Company name

Crasus Chemical Inc.

Date of establishment

August 1, 2024

Address

Head office
2, Nakanosu, Oita, OITA 870-0189, Japan
+81-97-521-5112

Tokyo head office
Tokyo Shiodome Bldg., 1-9-1, Higashi-Shimbashi, Minato-ku, Tokyo 105-7325, Japan
+81-3-6263-8083

Capital

110 million yen

Representative

Hirotsugu Fukuda, Representative Director

Scope of business

Manufacturing and sales of basic petrochemical products such as ethylene and propylene
Manufacturing and sales of organic chemical products using acetic acid as the main raw material
Manufacturing and sales of synthetic resin products, etc.

End of fiscal year

December 31

Major shareholders and their shareholding ratios

Resonac Holdings Corporation (100%)

Number of employees

848 people (As of January 1, 2025)

Net sales

329.8 billion yen (Fiscal year ending in December 2024)

Management Team

Hirotsugu Fukuda	Representative Director and President
Yuichi Hashida	Member of the Board, General Manager of the Business Administration Headquarters
Nobuyoshi Yamada	Member of the Board, Representative of the Oita Complex
Kazuo Yokoyama	Corporate Officer, General Manager of the Finance and Accounting Headquarters
Kazuhiro Ichimura	Full-time Audit & Supervisory Board Member
Hitoshi Matsumoto	Outside Member of Audit & Supervisory Board

1939	Showa Denko K.K. was established.
1957	Showa Denko K.K. entered the petrochemical business.
1969	Oita Petrochemical Complex was completed and commenced commercial operations.
1977	Completion of the Oita Petrochemical Complex phase 2 construction work.
1995	With the transfer of the synthetic resin division, Japan Polyolefin Co. (Currently, Japan Polyethylene Corporation) was established and commenced operations.
2000	Integration of Oita C1 & C2 plants into one.
2010	The naphtha cracking furnace was completely renewed.
2011	Establishment of NS Styrene Monomer Co., Ltd..
2014	Change of the manufacturing method at the ethyl acetate plant.
2016	SunAllomer Ltd. was made a consolidated subsidiary.
2019	The naming rights for the facilities within the Oita Stadium were acquired.
2023	Showa Denko K.K. and Showa Denko Materials Co., Ltd. (formerly Hitachi Chemical Company, Ltd.) merged to form Resonac Holdings Corporation and Resonac Corporation.
2024	Enhanced high-purity allyl alcohol capacity.
2025	The petrochemical business of Resonac Corporation was spun off and established as Crasus Chemical Inc.

1987	Received the 36th Chemical Technology Award from the Chemical Society of Japan for "Development and Industrialization of a New Process for Epichlorohydrin Production".
2006	Received the 6th Green and Sustainable Chemistry Award (Minister of Economy, Trade and Industry Award) for “Development of a green process using a solid heteropoly acid catalyst.”
2008	Received the 56th Chemical Technology Award from the Chemical Society of Japan for “Development of a new method for producing ethyl acetate and acetic acid using solid heteropoly acid as a catalyst”.
2020	Oita Petrochemical Complex received the first prize of the Japan Chemical Industry Association's (JCIA) Safety Excellence Award.