INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS[1] facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The official opening ceremony was attended by Caroline Wilson DCMG, British Ambassador to China and Hua Wei, Executive Vice Mayor, Ningbo Municipal People’s Government, among other institutional representatives.
“INEOS Styrolution is committed to growing in China, the world’s largest ABS market,” said Steve Harrington, CEO INEOS Styrolution. “The completion of our new ABS facility in Ningbo using our world class Terluran® ABS technology is an important milestone, as we embark on a new stage in this exciting journey with SINOPEC to further strengthen our position in the Chinese ABS market.”
Rob Buntinx, President APAC at INEOS Styrolution, said: “The facility inauguration today represents another important step in our ongoing commitment to our customers and partners in the Chinese market. We are strategically located closely to our customers, enabling us to respond to local demands more quickly and efficiently, while significantly reducing the delivery times.”
“This facility was constructed under a challenging environment in the midst of a global pandemic. Its successful unveiling today reflects the unwavering support from the Government authorities and the tenacious “can-do” attitude of the entire project and operations team,” added Meizhu Fang, CEO, INEOS Styrolution Sinopec Advanced Materials (Ningbo) Ltd.
The construction of this ABS facility in Ningbo started in end 2020. Spanning across 26.7 hectares, with more than 360 employees and contractors, this facility will produce high-end ABS materials that advance the design and functionality of many applications across numerous industry sectors including automotive, electronics, household, healthcare and toys/sports/leisure, for the rapidly growing domestic market in China.
Source: ineos.com
Heraeus Precious Metals announced that it has acquired Umicore’s Platinum Active Pharmaceutical Ingredient (API) business outside of South America. This transaction is a unique opportunity for Heraeus to strengthen its position and product portfolio.
Todd Elliott, a proven executive who retired from Celanese in 2020 as Senior Vice President (SVP) and head of the Acetyls business, will return to the Company as SVP to lead the Engineered Materials (EM) business, effective February 3, 2025.
Damián Gumpel joins Chemours with deep chemical industry leadership experience. At the Olin Corporation, he most recently served as Vice President, Corporate Strategy, helping to define a new corporate strategy and executing a joint venture and several M&A transactions.
