Keyuan Petrochemicals, Inc. (KYNP.OB) Breaks Ground on New SBS Facility to Meet Rising Demand
Keyuan Petrochemicals, a Qingshi Chemical Park, Ningbo, Zhejiang-based leader in the Chinese petrochemical sector, has a current annual refining capacity of some 550k metric tons in over five categories, from BTX aromatics and MTBE to propylene, styrene, and other chemicals. Always looking to strategically expand output, KYNP announced today that construction has begun on a new Styrene-Butadiene-Styrene (SBS) facility. Chairman and CEO of KYNP, Chungfeng Tao, cited rising demand across China’s market for SBS as a component in shoe soles, tire treads and other applications requiring a durable hard rubber. Current production of SBS in China is roughly 600k MT/year,…