Keyuan to build new SSBR facility
Upon reporting its first quarter 2013 financials on 19 August, China’s Keyuan Petrochemicals Inc. also shared that it intends to add to the company’s Solution Polymerised Styrene Butadiene Rubber. “The increasing market demand in tyre and auto parts has resulted in increasing market demand for styrene, ABS and SSBR,” The company added that “rather than focusing on optimising the current utilisation rates for its different facilities,” it has decided upon expanding capacity through a number of projects, including a new SSBR plant.
This new SSBR production facility will have a 150,000 tonne annual capacity and is expected to cost $US99.5 million. Keyuan has not disclosed the new plant’s location, however it anticipates China’s tyre industry will be its major customer. When the project is complete, the company’s annual SSBR capacity will be 400,000 tonnes.
Related news:
Comments