Sabic and Sinopec investing $1 billion in new polycarbonate resin plant
Saudi Basic Industries Corp. announced May 17 a significant expansion of its production in China, including a 260,000 metric-ton-per-year polycarbonate plant as part of its joint venture with Chinese state-owned firm Sinopec.
The PC resin plant, to be built in Tianjin as part of its Sinopec Sabic Tianjin Petrochemical Co. joint venture, is expected to be operational in 2015, and reportedly is a US$1 billion investment. SSTPC currently produces ethylene, polyethylene, polypropylene and other materials. Sabic’s Innovative Plastics unit also said it was adding production for polycarbonate resin and films at its existing factories in Shanghai and Nansha, Guangdong province. It also said it added a specialty extrusion line at its Nansha plant for optical grade Lexan and textured products in early 2011, and that it plans additional capacity expansions of those materials in Asia between 2012 and 2014. The optical grade capacity is in a class 1,000 clean room, the company said. The capacity expansions are designed to help ensure sufficient supplies of PC for growing Asian markets, the firm said, particularly in the consumer electronics, electrical, solar, security and automotive industries.