Recently, Sinopec Yanshan Petrochemical Company signed a letter of intent for investment cooperation with the Tianjin Economic Development Zone Management Committee. This is another important development since the establishment of Sinopec Yanshan (Tianjin) Petrochemical Co., Ltd. in June this year, marking the full implementation stage of the green high-end rubber new material project in Tianjin Nangang.
The total investment of the project is about 6 billion yuan, and the overall planning will be carried out in two phases. The first phase is planned to invest 2.42 billion yuan, covering an area of 277000 square meters. Two sets of production facilities, 100000 tons/year solution polymerized styrene butadiene rubber and 100000 tons/year butadiene rubber, will be constructed first, and corresponding auxiliary facilities will be built. The second phase plans to plan the Yanshan Petrochemical characteristic advantage project, which will be launched in a timely manner based on the construction, process, and market conditions of the first phase project.
As a carbon four industry chain extension and supplementation project in Nangang Industrial Zone, the project has been aimed at national and Tianjin industrial policy guidance since the beginning of planning, anchoring the "green high-end" positioning, accurately matching industry needs with products, adopting new process packages, utilizing regional carbon four resources, relying on mature supporting facilities in Nangang Industrial Zone, forming a complete green high-end industry chain cluster from raw materials to terminal products, further strengthening and improving the regional rubber industry chain, enhancing the competitiveness of Sinopec synthetic rubber products, and accurately meeting the demand for high-quality raw materials in the high-end tire market.
