22 March 2012 03:39 [Source: ICIS news]
SINGAPORE (ICIS)--JSR BST Elastomer (JBE) has started construction of its new 50,000 tonne/year solution styrene butadiene rubber (S-SBR) plant at Map Ta Phut in ?xml:namespace>
Japanese chemicals maker JSR Corp holds a 51% stake in the joint venture while Thailand-based Bangkok Synthetics owns the remaining share, JBE said in a statement.
Formal ground-breaking ceremony was held on 19 March, the statement added.
The first phase of the S-SBR plant is scheduled to start up in June 2013, the company said.
S-SBR is a high-performance synthetic rubber used mainly in tyres and industrial goods.
Global demand for the material for use in fuel efficient tyres has been growing rapidly in recent years, according to JBE.
“Demand for fuel-efficient tyres is expected to continue growing due to the global heightening of eco-consciousness and the spread of the tyre fuel-efficiency labelling system,” it said.
“The construction of this plant… is the initial stage in efforts to establish the plant as a supply hub to meet this expected demand, with plans to increase its production capacity to 100,000 tonnes/year at some point in the future,” the company added.
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