Home / Knowledge / News / Textiles / Sinopec & Mitsui JV to set up ethylene/propylene plant

Sinopec & Mitsui JV to set up ethylene/propylene plant

31
May '12
Shanghai Sinopec Mitsui Elastomers Co., Ltd. was established on 28 May 2012 and will build an ethylene-propylene-diene terpolymer (EPT) production plant in Shanghai Chemical Industry Park.

The plant will use metallocene catalyst in its production. It will be the world's largest and most advanced EPT production plant with annual production capacity of 75,000 tons. The plant is expected to commence commercial production in the first quarter of 2014.

Shanghai Sinopec Mitsui Elastomers is a 50:50 joint-venture, with registered capital of RMB630 million, between China Petroleum & Chemical Corporation and Mitsui Chemicals, Inc.

The total investment of the project is approximately RMB2 billion. The company is focusing on the production and sales of Ethylene Propylene Diene Monomer Rubber, which is the copolymer of ethylene,propyleneand diene. It is a synthetic rubber known for its superior ability to cope with various climatic conditions, and its resistance to ozone, heat and coldness.

It also performs well as an electric insulator and is known for its chemical resistance. It has been widely used in automotive parts, electric wires and cables, as well as many other industrial products.

Driven by the rapid development of the China automotive market and the increasing investment in public utilities like railways, it is anticipated that the market demand for Ethylene Propylene Diene Monomer Rubber will rapidly expand in the future.

In 2011, the apparent consumption of Ethylene Propylene Diene Monomer Rubber reached 237,400 tons in China, with imports accounting for 223,000 tons. Import dependence has remained consistently high.

The metallocene catalyst technology developed by Mitsui Chemicals is now the world's most advanced Ethylene Propylene Diene Monomer Rubber production technology, enjoying competitive advantages in terms of product quality and production cost.

Shanghai Sinopec Mitsui Elastomers, Co., Ltd. will seek to establish and develop its supply chain as soon as possible in order to meet the fast-growing demand of Ethylene Propylene Diene Monomer Rubber in the China market.

In December 2009, Sinopec and Mitsui Chemicals signed a Memorandum of Understanding on the development of Ethylene Propylene Diene Monomer Rubber, and undertook feasibility studies on this project.

The project has been approved by the relevant government department recently, triggering the establishment of this joint venture. Sinopec and Mitsui Chemicals established Shanghai Sinopec Mitsui Elastomers, Co., Ltd. in March 2006 for the production and sales of Bisphenol A.

After that, the two parties developed another phenol-acetone project with annual production capacity of 400,000 tons, a project that is now under construction.

Shanghai Sinopec Mitsui Elastomers Co. Ltd


Must ReadView All

Pic: University of Cambridge

Textiles | On 28th Jul 2021

Cambridge produces plant spider silk to replace single-use plastics

Scientists from the University of Cambridge have produced a...

Pic: Shutterstock

Textiles | On 28th Jul 2021

Circular economy drives superior risk-adjusted returns: Research

UK-based Ellen MacArthur Foundation recently published a white paper...

Pic: Shutterstock

Apparel/Garments | On 27th Jul 2021

US buyers to raise sourcing of RMG from Bangladesh: USFIA study

Nearly half of US fashion brands and buyers are eager to source more...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search