Sector News

Zeon to double SSBR capacity in Singapore, close NBR plant in the UK

April 2, 2015
Chemical Value Chain
Zeon (Tokyo) says it will build a second solution styrene butadiene rubber (SSBR) line in Singapore by the beginning of next year, doubling capacity at the site to between 70,000-80,000 m.t./year. The company is spending ¥7 billion ($57.8 million) on the project, which will use Zeon’s own technology. On completion, the Singapore complex will be larger than the company’s plant at Tokuyama, Japan, where it has 55,000 m.t./year of SSBR capacity. Singapore and Tokuyama are the only two locations where Zeon makes SSBR. Zeon is anticipating demand for SSBR, used in fuel-efficient tires, to grow at 7-8%/year. The company says it opted to expand capacity in Singapore because of the availability of butadiene raw material from Shell’s complex. 
 
Separately, Zeon has entered into negotiations with its employees over a proposed closure of its plant at Barry, UK. The facility produces nitrile butadiene rubber (NBR). It has capacity for 15,000 m.t./year, accounting for 17% of Zeon’s global NBR capacity. The company also makes NBR at Tokuyama and in the United States. Zeon cites uncertainty over the long term availability of raw materials and changing market conditions. It uses acrylonitirle and butadiene raw materials. The plant, which also makes specialty nitrile compounds, employs 84 people. The proposal is to close the facility by end of this year.
 
By Natasha Alperowicz
 

comments closed

Related News

May 21, 2022

Sika opens new manufacturing plant in Bolivia 

Chemical Value Chain

Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

May 21, 2022

Chevron increases renewable fuel market share with REG acquisition

Chemical Value Chain

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

May 21, 2022

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030

Chemical Value Chain

Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.