2023 - 2024 Exhibitions
Expansions: India’s Uflex to build US$110 mn PET factory in Egypt; Sinopec subsidiary starts up SBC plant in Hainan
Flex P Films Egypt, a subsidiary of Indian flexible packaging materials company Uflex, recently laid the cornerstone for its polyethylene terephthalate factory - Flex PET - in the industrial zone in Sokhna, Egypt, according to a statement by the General Authority for Suez Canal Economic Zone (SCZone). The company will invest US$110 million in the project.
The 30,000 tonnes/month-capacity plant is being built over an area of 250,000 sq m in SIDC Industrial Park, owned by Orascom Industrial Parks.
It will be implemented in two phases with Phase 1 scheduled to start operations during the first half of 2024, while Phase 2 would be implemented by mid-2025.
It is expected to create more than 700 direct and indirect job opportunities.
Meanwhile, China Petroleum & Chemical Corp. (Sinopec) subsidiary Hainan Baling Chemical New Material Co Ltd has started up a plant for production of styrene-butadiene copolymer (SBC) at its site in Hainan, China. With the new facility in operation, Sinopec is said to have the largest world’s largest production capacity for a SBC plant.
With an investment of almost US$280 billion by Hainan Baling and fellow Sinopec subsidiary Hainan Refining & Chemical, the new 170,000-tonne/year plant will produce 120,000 tonnes/year of SBC and 50,000 tonnes/year of styrene-ethylene-butylene styrene (SEBS) products, according to Sinopec.
Sinopec said that the project uses the company’s self-developed SBS and SEBS solutions, including a clean production method, to meet the needs of clients who want their products customised.
Consisting of 13 units and based on Baling Chemical New Material’s SBC polymerisation technologies, the plant uses a feedstock of styrene and butadiene it receives from Hainan Refining & Chemical’s nearby 8-million tonnes/year refinery in the Yangpu Economic Development Zone of Hainan Free Trade Zone (HFTZ).
The plant’s SBC production will be exported to Europe, South Asia and Southeast Asian markets.
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