06 February 2012 11:01 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Sumitomo Chemical plans to complete the construction of its new 40,000 tonne/year solution styrene butadiene rubber (S-SBR) plant on Jurong Island, Singapore, by June 2013, the company said on Monday.
Construction begun in January 2012, and on Monday the company held a groundbreaking ceremony at its subsidiary, Sumitomo Chemical Asia, at the site of the new plant, the producer said.
The S-SBR facility is expected to start commercial production in the fourth quarter of 2013, said Sumitomo Chemical.
Demand for S-SBR as a feedstock for high-performance, fuel-efficient tyres is growing rapidly on a global scale, the company added.
Sumitomo Chemical decided to build the plant in Singapore because of its geographical advantage in supplying the rapidly growing Asian markets, and for the stable procurement of the raw material butadiene (BD), the company said.
The producer is considering a second phase of construction at the plant to increase its capacity in the future because further growth in demand is expected, it said, without providing further details.
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