LANXESS to start up new EPDM plant in China in 2015

05 September 2012 06:13  [Source: ICIS news]

SINGAPORE (ICIS)--German specialty chemicals manufacturer LANXESS will start up a 160,000 tonne/year ethylene-propylene-diene monomer (EPDM) synthetic rubber plant at Changzhou in Jiangsu province, China, in 2015, a company source said on the plant’s groundbreaking ceremony on Wednesday.

LANXESS will invest €235m ($188m) on the plant, the largest sum the company has invested in China to date, the source added. The new EPDM plant is expected to create up to 200 new jobs when it is completed.

Located at Changzhou Yangtze Riverside Industrial Park, the new EPDM plant will have access to storage and ship-uploading facilities, the source said at the ceremony held on 5 September.

A methanol-to-olefins (MTO) plant that is currently under construction at the same site will supply the EPDM plant with the key raw materials, ethylene and propylene, the source added.

Demand for EPDM is expected to grow by around 8% yearly in the coming years, driven by the booming automotive and construction industries, according to a statement by LANXESS.

China will also continue to be the largest net importer of EPDM in the coming years, the company added.

All necessary permits for the plant have been obtained from the local authorities, the source said.

($1 = €0.80)

By: Dolly Wu
+65 6780 4359

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