Zibo Qixiang Tengda Chemical Co.Ltd(002408) : invest 270 million yuan to expand 40000 t / a cis polybutadiene rubber and supporting projects

Zibo Qixiang Tengda Chemical Co.Ltd(002408) on January 24, it was announced that the company plans to continue to invest in the expansion of 40000 t / a cis polybutadiene rubber unit and build a 200000 t / a butadiene extraction unit on the basis of the original design capacity of 50000 T / a cis polybutadiene rubber unit. The total investment of the project is expected to be 270 million yuan, and the construction period is 12 months (excluding project application).

The data show that cis-polybutadiene rubber has high elasticity, good tensile properties, low heat generation and rolling resistance, excellent wear resistance, fatigue resistance and other physical and mechanical properties. It meets the needs of the development of high-performance tires in high-speed, energy saving, safety and environmental protection. It is often used in high-performance green tires. CIS polybutadiene rubber in China is mainly used in the modification of tires, shoes, high impact polystyrene and ABS resin. The demand of tire manufacturing industry accounts for about 70% of the total demand.

In recent years, countries around the world have promoted the development of automobile electrification from the perspective of environmental protection, technology and energy security. Chinese tire enterprises have also continued the road of capacity expansion. With the production of new devices, China’s production capacity of all steel tires and semi steel tires will continue to increase in the next 3-5 years. As one of the main raw materials of tires, the demand for cis-polybutadiene rubber will continue to expand in the future.

The company said that as a leading enterprise in China’s C4 industry, the company has a relatively complete production capacity of C4 industry chain. This time, it plans to continue to invest in the expansion of 40000 t / a cis polybutadiene rubber plant on the basis of the original design capacity of 50000 T / a cis polybutadiene rubber plant. The expansion will help to further enhance the scale advantage of the company’s CIS polybutadiene rubber plant, Expand the market share of the company’s butadiene rubber. At the same time, in order to provide sufficient raw material supply to the company’s butadiene rubber unit and nitrile latex unit, the company will build a 200000 t / a butadiene extraction unit. As the project construction fully relies on the company’s existing public works and auxiliary facilities, it can reduce the production cost and sales cost of products and help to enhance the profitability of the company’s products.

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