China’s Bluestar Petchem plans $87m NBR plant

17 September 2008 06:52  [Source: ICIS news]

SHANGHAI (ICIS news)--China-based Bluestar Petrochemical Tianjin plans to invest around yuan (CNY)600m ($87m) to build a 40,000 tonne/year acrylonitrile butadiene rubber (NBR) plant in northern Tianjin city, a company source said on Wednesday.

The plant was slated to break ground in early 2009 and would come on stream by the end of next year, the source at the China National BlueStar Corp subsidiary added.

"However, the environmental impact assessment (EIA) has not passed by the government, so the project still needs a period to get the nod of the government," the source said in Mandarin.

"Presently, the domestic NBR supply capacity can only meet 30% of the demand in China, so there is a bright market prospect in NBR market," he added.

Domestic NBR producers include Lanzhou Petrochemical and Zhenjiang Nantex Chemical Industry Co.

($1=CNY6.85)

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By: Judith Wang
+65 6780 4359

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