21 November 2013 15:53 [Source: ICIS news]
LONDON (ICIS)--Hungary-based MOL on Thursday announced it has started construction of a 60,000 tonne/year solution styrene butadiene rubber (S-SBR) plant in Tiszaujvaros through a joint venture with Japan-based JSR Corporation.
The new plant will start producing synthetic rubber from 2017. Financial details were not disclosed.
The joint venture will be incorporated with 51% held by JSR and 49% by MOL.
MOL said S-SBR is presently one of the best quality feedstocks for producing rubber tyres with good adhesion properties, and with lower motor fuel consumption.
Feedstock butadiene (BD) will be supplied by a planned 130,000 tonne/year plant, currently being constructed in Tiszaujvaros by MOL subsidiary TVK. The first commercial production of the BD plant was expected in 2015, MOL said.
Sandor Fasimon, chief operating officer (COO) of MOL Hungary said: “Besides the fact that MOL’s petrochemicals value chain will be expanded with this step we are also strengthening the Hungarian industry, since world leading technology will operate in the North region of Hungary.”
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections