New EPDM plant slated for China

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New EPDM plant slated for China

: x) I7 a" u2 g+ O; Z* j' hWednesday, February 15, 2012
$ z* h; u& c, I* F/ p% xSeregno, Italy - FasTech Srl of Italy signed a technology contract in Xi’an (People’s Repubblic of China) with Shaanxi Yanchang Petroleum Yanan Energy and Chemical Co., a leading petrochemical company in China, to manufacture etylene-propylene-(diene)-rubber. Shaanxi Yanchang will receive a license to utilize for its industrial development project in Yan’an (Shaanxi Province) FasTech innovative and proprietary technology (EPDM) in a plant with a design capacity of 50,000 tons/year. The Yanchang EPDM plant should start operations in the second quarter of 2014 and will be fed with monomers to be produced in the new methanol to olefins (MTO) plant which Yanchang is building in the same location. As provided in the contract, FasTech, will supply Yanchang with an extended process design package (PDP) and other technical services. China Chengda Engineering Co. of Chengdu, Sichuan, P.R. China will subsequently develop the engineering services.