22 March 2012 07:28 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sarbon Petrochemical plans to start up a 200,000 tonne/year polystyrene (PS) plant at Zhangjiagang in Jiangsu in August, a source close to the company said on Thursday.
The PS facility consists of two 100,000 tonne/year production lines, one of which will produce general purpose polystyrene (GPPS) and the other, high impact polystyrene (HIPS).
The company invested yuan (CNY) 210m ($33m) in the plant, the source said.
“The factory is still looking for suppliers of feedstock styrene monomer [SM],” an SM trader said.
“It’s not easy to get SM long-term cargoes because many SM factories have already concluded their long-term supply deals at the beginning of 2012.”
($1 = CNY 6.32)
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