06 December 2011 13:02 [Source: ICIS news]
LONDON (ICIS)--INEOS Oxide is planning to build a new ethylidene norbornene (ENB) plant in southeast Asia, as part of its medium-term strategy to grow its global business, the Switzerland-headquartered chemicals producer said on Tuesday.
The expansion is scheduled to come on stream in 2015.
Site selection studies for the exact location of the ENB plant and feedstock supply discussions are currently underway, INEOS said.
ENB is used predominantly as the diene monomer in the production of ethylene-propylene-diene rubber (EPDM); a wear and weather-resistant rubber used in the automotive, white goods and construction industries.
“We believe ongoing global growth and potential new build demand from ENB customers, particularly in EPDM, will require new ENB capacity and we believe southeast Asia is the right location for us to access these growing markets,” said Hans Casier, CEO of INEOS Oxide.
"Timing of the unit depends on finalisation of feedstock supply agreements, permits and a full engineering design study, but we are focusing on start up no later than 2015,” he added.
For more on INEOS visit ICIS company intelligence
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