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Sinopec, Mitsui to build synthetic rubber plant in Shanghai
By Richard Fu |
May 29, 2012, Tuesday
|
Online Edition
Online Edition
SINOPEC Corp and Japan's Mitsui Chemicals Inc will build a 2 billion yuan (US$315 million) synthetic rubber project in Shanghai to cut China's heavy reliance on imports.
The plant, in Shanghai Chemical Industry Park, will be capable of producing 75,000 tons of ethylene-propylene-diene terpolymer (EPT), when commercial production starts in the first quarter of 2014.
Sinopec and Mitsui will start a 50-50 new joint venture to build the facility, Sinopec said in a statement today.
The venture is focusing on the production and sales of ethylene propylene diene monomer rubber, which is the copolymer of EPT. The synthetic rubber is widely used in automotive parts, electric wires and cables, and other industrial products.
China used 237,400 tons of ethylene propylene diene monomer rubber in 2011, with imports accounting for 223,000 tons.
The rubber is known for its superior ability to cope with various climatic conditions and its resistance to ozone, heat and coldness. It also performs well as an electric insulator and is known for its chemical resistance.
The plant, in Shanghai Chemical Industry Park, will be capable of producing 75,000 tons of ethylene-propylene-diene terpolymer (EPT), when commercial production starts in the first quarter of 2014.
Sinopec and Mitsui will start a 50-50 new joint venture to build the facility, Sinopec said in a statement today.
The venture is focusing on the production and sales of ethylene propylene diene monomer rubber, which is the copolymer of EPT. The synthetic rubber is widely used in automotive parts, electric wires and cables, and other industrial products.
China used 237,400 tons of ethylene propylene diene monomer rubber in 2011, with imports accounting for 223,000 tons.
The rubber is known for its superior ability to cope with various climatic conditions and its resistance to ozone, heat and coldness. It also performs well as an electric insulator and is known for its chemical resistance.
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