INEOS New Plant of ABS in China to Strengthen its Position in Global Petrochemical Market

INEOS New Plant of ABS in China to Strengthen its Position in Global Petrochemical Market

  • 10-Jan-2020 1:00 PM
  • Journalist: Peter Schmidt

INEOS Group, a British chemical titan will enhance the overall Acrylonitrile Butadiene Styrene (ABS) capacity in China by setting up a new plant with annual capacity of 600,000 tonnes this year. ABS is a widely used petrochemical in automobiles, polymer blends and various electrical applications. The construction and development of the plant would be under the direct monitoring of INEOS Styrolution, headquartered in Germany and is expected to be complete by 2023. Although, Ningbo city in China has been finalized for setting up the plant, the investment details for the project have not yet been disclosed to the public. Steve Harrington, the President of INEOS Styrolution quoted that China being the biggest market of ABS, will give enormous fortuity to fulfill the consumer’s increasing demand in the Asia-Pacific region. Additionally, setting up of the plant in China will also help INEOS Styrolution to increase its manufacturing footmark in Asia-Pacific market.

Related News

ABS Market Maintained Mixed Sentiments in the US and Asia in Early March 2025
  • 07-Mar-2025 6:30 PM
  • Journalist: Timothy Greene
Post Holiday Demand Recovery Slow Limits ABS Price Movement in Asia
  • 17-Feb-2025 3:40 PM
  • Journalist: Royall Tyler
ABS Prices in Europe Climb on Automotive Demand Asia Stabilizes Amid Low Activity
  • 20-Jan-2025 5:45 PM
  • Journalist: Italo Calvino
Asian ABS Market Sustains Price Uptrend in the Mid April 2024
  • 22-Apr-2024 3:34 PM
  • Journalist: Stella Fernandes

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.