INEOS Styrolution has announced plans to build a world-scale ABS plant in Ningbo, China.
The new production site will be adjacent to the recently acquired polystyrene plant in Ningbo.
Less than a year after announcing the acquisition of two polystyrene production sites in China, INEOS Styrolution embarks on plans to further grow its production capacity in the country significantly. The company plans to construct a greenfield ABS plant adjacent to the Ningbo polystyrene site in the Zhejiang Province in Eastern China.
The plant has a planned capacity of 600 000 tpy. Construction is expected to start later this year with completion planned for 2023.
The announcements made by INEOS Styrolution form part of a wider Strategic Cooperation Framework Agreement with the Ningbo Municipal People’s government signed by INEOS. This framework agreement will help facilitate mutual benefit between INEOS and Ningbo City.
“China is the biggest ABS market in the world. This new investment will give us a tremendous opportunity to provide our customers in the region with locally produced ABS grades,” said Steve Harrington, President Asia-Pacific.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/10012020/ineos-styrolution-invests-in-abs-plant/
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