17 June 2013 21:42 [Source: ICIS news]
HOUSTON (ICIS)--French tyre maker Michelin and a subsidiary of Indonesian petrochemical producer Chandra Asri have formed a joint venture to produce synthetic rubber in ?xml:namespace>
Construction on the $435m (€326m) project is expected to begin in early 2015, with completion and start-up scheduled for early 2017, the companies said in a news release.
PBI is looking to commence operations on its new 100,000 tonne/year butadiene (BD) extraction unit in Cilegon in July, the companies said. PBI parent company Chandra Asri also producers styrene monomer, another key tyre making component.
($1 = €0.75)
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