The stoppage of Japan¡¯s oil imports through the Strait of Hormuz has raised questions about what happens to available supplies of petroleum-derived naphtha across a broad range of industries.
For the agricultural industry and food-packaging businesses, worries are particularly acute about what an oil and naphtha shortage could mean to not only agricultural production but also supply chains and individual consumers.
Addressing these concerns, Prime Minister Sanae Takaichi told a government meeting on April 30 that supplies of polyethylene ¡ª a raw material derived from naphtha and used to make plastic food packaging containers ¡ª were sufficient, based on last year¡¯s demand.
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