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
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
