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Nanjing Yangzi shuts two rubber plants after fire

January 14/2021

MOSCOW (MRC) -- China's Nanjing Yangzi Petrochemical Rubber, part of Sinopec Group, shut its 100,000 mt/year butadiene-rubber unit and 100,000 mt/year styrene-butadiene-rubber plant in Jiangsu province Jan. 12 following a fire at the petrochemical complex, reported S&P Global with reference to a source with direct knowledge of the matter's statement Jan. 13.

The fire was extinguished on Jan. 12, according to the source.

The rubber plants may remain shut for two to three months, the source said, but this could not be officially confirmed with the company.

As MRC informed earlier, Sinopec Corp's Qilu refinery resumed operations after a more than three-month overhaul of its 160,000 barrels per day (bpd) crude processing facility, according to the company's statement on 17 December, 2020. The refinery, based in China's oil refining hub Shandong province, has total crude oil processing capacity of 13 million tonnes per year, or 260,000 bpd.

Butadiene is the main feedstock for the production of acrylonitrile-butaiene-styrene (ABS).

According to ICIS-MRC Price report, ABS imports into Russia rose in the first eleven months of 2020 by 2% year on year to 32,000 tonnes from 31,300 tonnes a year earlier. South Korean shipments accounted for 62% (19,900 tonnes) in January-November 2020 versus the share of 58% (18,200 tonnes) a year earlier.

China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group"s key business activities include the exploration and production of oil and natural gas, petrochemicals and other chemical products, oil refining.
Author:Margaret Volkova
Tags:PS, ABS, butadien, crude and gaz condensate, styrene, petrochemistry, natural rubber, Sinopec, Yangzi Petrochemical, China, Russia.
Category:General News
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