Hungary: Synthetic Rubber Plant Mol Group Inaugurates S-SBR Production Plant
Mol Group has announced the completion of their new synthetic rubber plant built through a joint venture with JSR Corporation. Feedstock material to the new plant located in Tiszaújváros, Hungary, will be secured from the company’s butadiene extraction unit.
Budapest/Hungary — The new unit will produce 60,000 tons of solution polymerization styrene-butadiene rubber (S-SBR) per year. The most important feedstock of S-SBR is butadiene, which is produced by the company at an adjacent plant commissioned in 2015.
S-SBR is highly valued worldwide as a raw material of a fuel-efficient tire known as an “eco-friendly tire”, due to its good properties suited to fuel-efficient tires and wet grip performance.
The JV partners reached an agreement in 2013 to establish a joint venture with 51 % held by JSR and 49 % by Mol Group. The construction of the plant started in 2015.
One of the cornerstones of Mol Group 2030 — Enter Tomorrow strategy is to expand the company’s petrochemicals value chain and produce more valuable products used in the automotive industry, as well as for packaging, construction and electronics. As such the company plans to invest around $ 4.5 billion until the end of the next decade into petrochemical and chemical growth projects.