Corrected: China to start up three new BR plants in H1 2013

11 January 2013 08:46  [Source: ICIS news]

Correction: In the ICIS news story headlined "China to start up three new BR plants in H1 2013" dated 11 January 2013, please read in the third and fourth paragraphs … 100,000 tonne/year BR plant … instead of … 50,000 tonne/year BR plant …. Also ...
Please read in the sixth paragraph … 1.462m tonnes/year … instead of 1.362m tonnes/year …. A corrected story follows.

SINGAPORE (ICIS)--Three rubber producers in China is planning to start up new butadiene rubber (BR) plants in Jiangsu, Guangdong and Zhejiang provinces respectively in the first and second quarter of 2013, company sources said on Friday.

Maoming Petro-chemical Shihua will start up its new 100,000 tonne/year BR plant at Maoming, Guangzhou province in February, a company source from Maoming Petro-chemical Shihua said.

YPC-GPRO (Nanjing) Rubber plans to start up its new 100,000 tonne/year BR plant at Nanjing, Jiangsu province in April, one company source from YPC-GPRO (Nanjing) Rubber said.

Zhejiang Transfar Synthetic Material will bring on stream its new 100,000 tonne/year BR plant at Hangzhou in Zhejiang province in the second quarter of 2013, a source from the company said, without specifying the start-up date.

The details of these projects were not available immediately.

The total BR capacity in China is 1.162m tonnes/year, and it is expected to reach 1.462m tonnes/year following the new start-ups.

The BR market will face supply pressure with the rapid increase of the total capacity amid weak downstream demand, an industry source said.

By: Miki Jiang

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