15 March 2011 08:33 [Source: ICIS news]
“We have plans to build the plant because China’s ethylene-propylene rubber market is seriously in short supply. I think the market prospect is very bright,” the source said.
Construction will begin next year and the plant is expected to start up in 2013, the source said.
Meanwhile, the Shandong Yuhuang is searching for another firm to jointly fund the plant, which will cost over yuan (CNY) 700m ($107m), the source added.
The company also has an existing butadiene rubber plant with a capacity of 50,000 tonnes/year at the same site.
($1 = CNY6.57)Please visit the complete ICIS plants and projects database
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