Borealis, Owners and Joint Ventures
Poland's Synthos aims to build S-SBR plant abroad
ICIS News : 19-Jun-13 11:26
LONDON (ICIS)--Poland's major synthetic rubber producer, Synthos, is considering sites in Germany, Austria and Hungary as the location for what would be its first sole construction of a production plant abroad, the company said on Wednesday.
Burghausen in Germany, Schwechat in Austria and Tiszaujvaros in Hungary are all on the shortlist because feedstock butadiene (BD) could be sourced from petrochemical plants in the locations for the envisaged batch-process solution styrene butadiene rubber (S-SBR) installation, it added.
A final decision on the investment project would be made next year, Synthos said.
In May, Austria's OMV announced it is to invest €230m ($307m) in building a new BD plant at its Burghausen refinery and upgrading its existing BD installation in Schwechat.
Hungarian oil, gas and petrochemical group MOL is building a 130,000 tonne/year BD plant in Tiszaujvaros, the base of the company’s petrochemical subsidiary TVK.
On Tuesday, Synthos said it had started construction of a 90,000 tonne/year S-SBR plant, in the Krakow special economic zone of southern Poland, that will use licensed Goodyear production technology.
Synthos has production plants in Poland and the Czech Republic. Its production plants in the Czech Republic were acquired from Poland's PKN Orlen, apart from a BD plant at Kralupy nad Vltavou that was built by a joint venture that is 51%-owned by Orlen subsidiary Unipetrol and 49%-owned by Synthos.
($1 = €0.75)
By Will Conroy
+44 20 8652 3214