butadiene

Kuraray Announces Plan to Form Butadiene Derivatives JV With PTTGC, Sumitomo

Kuraray Co. Ltd. (TYO:3405) announced on March 7 that it has inked a joint venture agreement with Sumitomo Corp. (TYO:8053) and Thai-based PTT Global Chemical PCL (PTTGC) for a butadiene derivative business. The three companies began detailed feasibility studies in September 2016. Ahead of the final decision on investment, they signed an agreement to hold further discussions and to file...

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Mitsubishi Chemical and Air Liquide Subsidiary Partner on Butadiene Technology

Mitsubishi Chemical Corp. signed a cooperation agreement on Sept. 7 with Air Liquide Engineering & Construction, a subsidiary of French firm Air Liquide SA. Under the agreement, Air Liquide E&C will license Mitsubishi Chemical’s process for manufacturing butadiene from n-butene. The aim is to develop a technology licensing business by packaging together Mitsubishi Chemical’s butene to crude butadiene production technology...

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Escalating Butadiene Prices to Place Significant Pressure on Synthetic Rubber Manufacturers

The price of butadiene is increasing dramatically. After trending for some time at an Asian spot price near $1,000 per ton, the synthetic rubber raw material started on a rapidly ascending curve in autumn last year. It has resulted in a tripling in value, jumping to approximately $3,000 per ton. The sharp gain in butadiene will have a strong impact...

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