Written on 11.11.2013 - Industry
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Keyuan announces plans for capacity expansions

Ningbo-based Keyuan Petrochemicals announced plans to build a new S-SBR production facility and expand its existing ethylene-styrene copolymer plant. Keyuan, citing increased demand for S-SBR in the tyre market, said it is building a 150,000 t/y facility that will utilise its own production technology.

The project, for which location and construction schedule were not given, is estimated to have a cost of USD 99.5 million. Additionally, Keyuan is expanding the capacity of its ethylene-styrene copolymer plant to 200,000 t/y from 80,000 t/y, allowing for the sale of 120,000 t/y to down-stream petrochemical producers. This facility can be considered the bridge between original products and high-value added products and will complete the integration of internal resources, Keyuan said.

Regarding Keyuan’s previously announced plans for a new 400,000 t/y ABS plant in China’s Guangxi province, the company said it is currently going through the government approval process and design phase. Keyuan now expects the first phase of the project to be completed by the fourth quarter of 2014. This was announced by PetroChemical News, Durham.