31 October 2012 05:52 [Source: ICIS news]
Sinopec’s wholly owned subsidiary Sinopec International (
Financial details of the acquisition were not disclosed.
The deal is still subject to regulatory approvals from
Sinopec and SIBUR announced in April a plan to set up a joint venture that will produce nitrile rubbers (NBR) on the base of KSRP.
“Once the joint venture is established, the shareholders will also consider the possibility of increasing the plant’s annual NBR capacity from 42.5 to 56 thousand tones,” Sinopec and SIBUR said.
The companies are also discussing projects on setting up a joint venture to produce nitrile and polyisoprene rubbers in
“Future operations’ annual capacity for each type of rubber is currently estimated at the level of 50 thousand tonnes, to be determined more precisely once the feasibility study is completed,” they added.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections