Mitsui, Sinopec JV EPT plant in China

Mitsui, Sinopec JV for EPT plant in China

7:38 AM, 29th May 2012
Mitsui, Sinopec JV for EPT plant in China

SHANGHAI, CHINA: Mitsui Chemicals and China Petroleum & Chemical Corp (Sinopec) have set up a 50-50 joint venture in China to build ethylene-propylene-diene terpolymer (EPT) plant for 2 billion yuan ($315 million). The plant, to be located in China’s Shanghai Chemical Industry Park, will have capacity to produce 75,000 tonne of EPT a year, and is set to start commercial operations in the first quarter of 2014. A sharp rise in demand for EPT has been projected in China due to a rapid expansion of auto industry and the development of infrastructure such as railways.

© Reuters News

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