SBR Production Plant in Bushehr

SBR Production Plant in Bushehr

The construction of a styrene-butadiene rubber (SBR) production plant, an important petrochemical byproduct used in tire production, goes underway in Pars Special Economic Energy Zone in the southern Bushehr Province on Wednesday.
With a capacity to produce 136,000 tons of SBR per year, the project is planned to be completed in 29 months, Moj News Agency reported.
According to the Iranian Petrochemical Investment Group, the project's contractor, the unit will receive $290 million in funds from letters of credit opened by the National Development Fund of Iran.
The group, a subsidiary of the Persian Gulf Holding Co., holds a 95%-stake in the new SBR unit.
In 2012, more than 5.4 million tons of SBR were processed worldwide. About 50% of car tires in the world are made from various types of SBR. Its particular advantages include excellent abrasion resistance, crack resistance and generally better aging characteristics.
Around 75% of the unit's SBR output will be used in tire production and the remainder to produce floor coverings.
Iran raised tire production as various international tire brands such as Bridgestone, Continental and Michelin halted operations in the country in recent years due to sanctions.
According to analysts, an anticipated revival in the automotive industry after lifting of the sanctions is expected to translate into double digit growth in Iran's tire industry over the next five years.

Short URL : https://goo.gl/PobNVV
  1. https://goo.gl/vVbdDA
  • https://goo.gl/BfdyTD
  • https://goo.gl/G0LNXn
  • https://goo.gl/kZ4EKC
  • https://goo.gl/igxPPM

You can also read ...

Russia, Ukraine to Discuss Latest Gas Dispute
Ukraine’s state-held gas company Naftogaz and Russia’s gas...
Oil Majors to Gain Clarity on Anti-Russia Sanctions
The Italian oil major Eni will discuss sanctions against...
Pasargad Energy Development Company will be commissioned to drill 126 wells in Jofeir and Sepehr fields.
In line with policies to help expand domestic companies' scope...
The California state court is seen as more favorable to the cities and counties.
California cities and counties seeking to hold five of the...
Brent, WTI Crude Futures Hit Highest in Two Weeks
Oil prices jumped on Friday, with Brent crude futures hitting...
Iraq Seeks Investors to Build Refinery
Iraq is inviting companies to bid for building a 70,000-bpd...
Gasoline Production Hits Record
Iran's gasoline production has hit a record with 77.4 million...
No Plan to Increase Oil Production in Next 12 Months
Iran does not intend to increase crude output in the next...