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On September 7, the joint venture contract signed by Shanghai Petrochemical and Baling Petrochemical came into effect on the same day
.
The joint venture company is named Shanghai Jinshan Baling New Materials Co.
, Ltd.
, with a registered capital of 800 million yuan.
It is mainly engaged in the production and sales of new thermoplastic styrene (TPS) materials and their raw materials, intermediate products and by-products
.
It is reported that Baling Petrochemical is a subsidiary of Sinopec Group Corporation.
It is a super-large petrochemical enterprise that produces synthetic rubber, synthetic plastics, synthetic fibers and other organic chemical products with petroleum refining as its "leader".
It is the largest styrene butadiene styrene in China.
Block copolymer (SBS), epoxy resin, caprolactam and commercial cyclohexanone production enterprises, with an annual production capacity of 4 million tons
.
In recent years, Baling Petrochemical has focused on the development vision of building a world-leading chemical materials enterprise, clarified the development strategy of "developing Baling based on Baling, and developing Baling out of Baling", focusing on the realization of the two raw material bases of chemical-based oil refining and coal gasification.
Three major materials, strong caprolactam, synthetic rubber (styrene thermoplastic elastomer) and epoxy resin, are used to make refined and high value-added new chemical materials and new hydrogen energy
.
The approved styrene thermoplastic elastomer (Jinshan) project has a total investment of more than 2.
8 billion yuan.
It adopts the SBS, SEBS and SIS complete sets of production technologies with independent intellectual property rights of Baling Petrochemical to build an annual output of 250,000 tons of styrene thermoplastic.
Elastomer plants include 140,000 tons of SBS, 50,000 tons of SEBS and 60,000 tons of SIS
.
