POLYBUTADIENE MARKET ANALYSIS

Market News

Polybutadiene Market Key Developments:

• In March 2013, Mitsubishi Corporation joined forces with Ube Industries, Ltd., Lotte Chemical Corporation and wholly owned Lotte Chemical subsidiary, Lotte Chemical Titan to set up a three-company joint venture in Malaysia for the manufacture and sale of poly-butadiene rubber. This joint venture was established to overcome the increasing demand of poly-butadiene rubber in Asia.
• In May 2014, SIBUR, a leading Russian gas processing and petrochemicals company, signed a contract with China Petroleum and Chemical Corporation (“Sinopec”) to establish a joint venture for the construction of a 50 ktpa butadiene nitrile rubber (or “NBR”) plant at the Shanghai Chemical Industry Park. This venture was established for expanding its production and commercial operations.
• In December 2018, Kuraray Co. Ltd, PTT Global Chemical PCL and Sumitomo Corp. announced about their investment in a project for the manufacture of butadiene derivatives in Thailand. This project will be operated by a joint venture called Kuraray GC Advanced Materials Co. Ltd. And it is expected to increase the company’s annual capacity.