Shanghai Sinopec Mitsui Elastomer Co., Ltd. established
Sinopec announced that it will invest in Mitsui Chemicals Co., Ltd., a 50:50 joint venture company, to establish Shanghai Sinopec Mitsui Elastomers with a registered capital of 630 million yuan. The total investment is about 2 billion yuan. The main business is the production and sales of EPDM. Rubber products.
The company will build a new metallurgical metal catalyst with the most advanced technology and the world's largest annual production capacity of 75,000 tons of ethylene in Shanghai Chemical Industry Park. Propylene. Diolefin copolymer production equipment. It is expected that the first quarter of 2014 will begin operations.
Sinopec pointed out that with the rapid development of the Chinese auto market and the increase in investment in public facilities such as railways, the market demand for EPDM rubber products is expected to increase significantly. In 2011, the apparent consumption of EPDM in China reached 237,400 tons, and the import volume reached 223,000 tons, and the import dependency remained high.
Mitsui Chemical's metallocene catalyst solution polymerization technology is currently the world's most advanced EPDM rubber production technology, and it has advantages in product quality and cost competitiveness.
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