NINGBO, China (Oct. 10, 2011)—Keyuan Petrochemicals Inc. said it has completed the construction of its styrene-butadiene-styrene thermoplastic elastomer production facility located in Ningbo, Zhejiang Province.
The company said it will begin trial production of the SBS TPE later this month.
Keyuan Petrochemicals began construction of the 70,000-metric-tons plant in September 2010, and completed it a year later. Keyuan currently is conducting equipment optimization and testing.
“Demand for SBS remains stable, and we are actively engaged in discussions with prospective customers,” said Chunfeng Tao, chairman and CEO of Keyuan. “We remain confident in achieving approximately 80 percent utilization rate for this new facility in 2012.”