MOSCOW (June 12, 2012)—In a second joint venture to make nitrile rubber—this time in China—Sibur and Sinopec are to add a further 50,000 metric tons of capacity.
The agreement covers a plant to make nitrile rubber and Isoprene rubber in the Shanghai area of China.
The NBR and IR plants are expected to have an annual capacity of 50,000 metric tons each, subject to finalization based on the feasibility study. The cooperation will be a two-stage process, with the NBR launch followed by the IR plant.
In April, the parties have signed an agreement allowing them to form a joint venture manufacturing nitrile rubber in Krasnoyarsk, Russia. The new JV will boost the existing NBR capacity of the Krasnoyarsk rubber plant from 41,000 to 56,000 tons per year.