Sinopec Corp. and Russia’s Shibuler Holding Co., Ltd. recently signed a cooperation agreement to set up a framework for the establishment of a joint venture company to produce nitrile rubber and isoprene rubber in Shanghai, China.
According to reports, the joint venture company will use Siebir's patented technology. The scale production capacity of nitrile rubber and isoprene rubber equipment is expected to be 50,000 tons per year, which will be finalized based on the feasibility study results. The cooperation was carried out in two phases. The nitrile rubber project was first carried out and then the isoprene rubber project was launched. At present, the feasibility study of the nitrile rubber project has been completed and will be reported to the local management department in the near future; the feasibility study of isoprene rubber will also start.
On April 28, 2012, the two parties signed a framework agreement on the establishment of a nitrile rubber joint venture in Krasnoyarsk, Russia. After the establishment of the joint venture company, the existing nitrile rubber plant will be expanded from 41,000 tons per year to 56,000 tons per year.
It is understood that nitrile rubber is widely used in automotive, aerospace, oil exploration, petrochemical, textile, wire and cable, printing and food packaging, due to its extremely oil-resistant physical and mechanical properties. Isoprene rubber is known as “synthetic natural rubber†and is widely used in the manufacture of tires and other rubber products. It is a major substitute for natural rubber.
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