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 ?xml:namespace>
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.
All necessary permits for the plant have been obtained from the local authorities, the source said.
($1 = €0.80)
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