11 September 2012 10:36 [Source: ICIS news]
(adds details in paragraphs 8-12)
The new 140,000 tonne/year plant is expected to start up in the first half of 2015, they said.
The plant will get the majority of its butadiene feedstock from Petrochemical Corporation of
"PCS is now building a new extraction unit to supply the majority of the feedstock for the new plant," Grub added without giving more details.
LANXESS and PCS have earlier signed an agreement on the long-term supply, via pipeline, of butadiene from PCS to LANXESS, the company said in a statement.
The plant will create about 100 new jobs in
Nd-PBR is used in the treads and sidewalls of “green tyres” that enhance fuel efficiency and reduce noise - the fastest growing sector in the tyre industry - with an annual global growth rate of about 10%, LANXESS said.
Growth for these tyres is even more pronounced in
The demand for such tyres is being driven by the growing middle class globally, especially in Asia and
The EU will launch mandatory tyre labelling in November this year in which tyres will be graded according to their fuel efficiency and wet grip, according to LANXESS.
Japan and South Korea were the first countries in the world to introduce a label system while other countries like Brazil, the US and China are expected to follow in the coming years, it said.
Meanwhile, the company's new 100,000 tonne/year butyl rubber unit is on track to be started up in the first quarter of 2013, according to company officials.
The butyl rubber plant, LANXESS' single-largest investment at €400m, is located next to the new Nd-PBR unit on
($1 = €0.78)
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