Keyuan to develop S-SBR with Hangzhou Zhongce

ERJ staff report (DS)

Ningbo, China -- Keyuan Petrochemicals, Inc has agreed to work with Hangzhou Zhongce Rubber Co. Ltd. to jointly develop commercial applications for Solution Polymerised Styrene Butadiene Rubber ("SSBR").

Keyuan is working with researchers from Hangzhou Zhongce to develop SSBR over the next several years. The Companies will share the rights to products and technologies developed from this cooperation. Upon successful development of SSBR, Keyuan will be able to produce this new product using the same facility of SBS (Styrene-Butadiene-Styrene) that is currently under construction.

Keyuan Petrochemicals, Inc., established in 2007 and operating through its wholly-owned subsidiary, Keyuan Plastics, Co. Ltd., is located in Ningbo, China. Keyuan plans to expand its manufacturing capacity to include a SBS production facility, additional storage capacity, a raw material pre-treatment facility, and an asphalt production facility.

Hangzhou Zhongce Rubber Company Limited produces various tires including radial, truck, passenger car, industrial, agricultural, motor cycle, bicycle, wheel-barrrow, rubber crawler belt, and tube rubber products. The Company's current product line is offered through 14 series containing more than 2230 tire products

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Press release from Keyuan