28 Apr 2025
To invest €37m in second phase of Panjin facility which started production of green rubber materials late last year
Shenzhen, China – Mesnac has announce plans to invest Yuan308 million (€37 million) in phase II of a major C5 project, which includes the production of green rubber materials.
The Chinese group completed phase I of the facility in Liaobin, Panjin, in northeastern China, late last year and now aims to build phase II within 24 months, said a Mesnac stock exchange filing.
Operated by Panjin Ecos New Materials Co., the first phase included a total investment of Yuan878 million, focusing on the construction of a 150 kilotonnes per annum (ktpa) C5 separation unit and a 40ktpa unit for EVEC-IR green rubber materials.
“High-performance green tires made from these materials will significantly reduce fuel consumption and carbon emissions,” according to a 2024 report by the Liaobin economic zone in Panjin.
The second phase of the project, the report noted, focuses on the construction of facilities to produce high value-added new materials in the C5 downstream.
This covers curing agents, various pharmaceutical intermediates, high-end C5 petroleum resins, and C5 downstream products.
After the completion of both phases, the unit is projected to generate a revenue of over Yuan3 billion annually.
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