Sector News

Ineos Styrolution to build ABS plant in China

January 10, 2020
Chemical Value Chain

Ineos Styrolution, an Ineos subsidiary, says it will build a 600,000-metric tons/year acrylonitrile-butadiene-styrene (ABS) production facility at Ningbo, China, adjacent to the company’s recently acquired polystyrene (PS) plant.

Construction is expected to begin this year, with completion scheduled for 2023, Styrolution says. No investment figure for the plant in eastern China has been given.

Ineos completed the acquisition for an undisclosed sum of two PS production sites in China from Total in February last year, one at Ningbo and the other at Foshan, southern China, after agreeing on the deal in 2018. Each PS facility has a production capacity of 200,000 metric tons/year. The Ningbo site also manufactures polypropylene compounds for automotive parts.

The announcement of the greenfield ABS project was made as part of a wider cooperation framework agreement signed by Ineos today with the Ningbo Municipal People’s Government. “China is the biggest ABS market in the world. This new investment will give us a tremendous opportunity to provide our customers in the region with locally produced ABS grades,” says Steve Harrington, Ineos’s president/APAC.

Styrolution is committed to supporting the growth of its customers in China by establishing local production capacities, adds its CEO Kevin McQuade.

Styrolution acquired in 2017 a styrene-butadiene copolymers business from Chevron Phillips Chemical and Daelim Industrial. Styrolution’s worldwide PS capacity, excluding the plants in China, is 1.766 million metric tons/year.

By Mark Thomas

Source: Chemical Week

Related News

May 8, 2021

Nouryon announces intention to spin-out Nobian, its base chemicals business, strengthening focus on key growth end-markets

Chemical Value Chain

The separation is expected to be completed by early Q3, following the receipt of all relevant approvals, including final Board approval. Nouryon intends to reduce its own debt with proceeds received from a planned external financing by Nobian.

May 8, 2021

US Trinseo seeks to build Asian PMMA plant, compounding line

Chemical Value Chain

Trinseo became a producer of the resin when it acquired Arkema’s PMMA business. It announced that it closed on the €1.14bn deal earlier this month.

May 8, 2021

SIG unveils tethered caps for carton packs ahead of EU’s Single-Use Plastics Directive

Chemical Value Chain

As part of the EU’s Single-Use Plastic Directive (SUPD), it will become mandatory for caps and lids to remain attached to all beverage containers up to three liters in capacity from 2024.

Send this to a friend