25 June 2012 00:00 [Source: ICB]
SIBUR AND SINOPEC PLAN RUBBER PROJECTS
Russia's Sibur and Chinese major Sinopec plan to build two joint venture plants for the production of nitrile rubber (NBR) and isoprene rubber (IR) in Shanghai, China. Both plants will have a 50,000 tonne/year capacity, the companies said. The feasibility study for the NBR plant has been completed, while the study for the IR plant is about to begin.
DOW CONTINUES COAL-TO-OLEFINS STUDY
Dow Chemical is still evaluating a coal-to-olefins project in China in partnership with the country's Shenhua Group. "We're still in the evaluation of that project," said Bill Weideman, chief financial officer at Dow. "No final decisions have been made." Near the end of 2010, the two companies submitted an application to the Chinese government for approval to build the complex in Yulin, Shaanxi province.
TARTASTAN CRACKER TO START UP IN 2016
Russian producer Nizhnekamskneftekhim (NKNKh) has pledged to build new ethylene and polymer facilities at its Tatarstan site in central Russia in 2016-2017. A new 1m tonne/year ethylene production unit is expected to start operation in 2016, while NKNKh aims to finish construction of a new 600,000 tonne/year polyethylene (PE) plant and 400,000 tonne/year polypropylene (PP) plant in 2017. The cost of the ethylene, PE and PP projects is estimated at $3bn (€2.4bn).
GEVO MULLS MALAYSIA ISOBUTANOL PROJECT
US-based Gevo is considering Malaysia as the site for a cellulose-based isobutanol (IBA) plant. It would build the plant at the biorefinery complex in Kertih, in Terengganu state. Gevo said the project could start up by late 2015 or early 2016.
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