INEOS Styrolution embarks on plans to grow its production capacity in the country significantly. The company plans to construct a green field ABS plant adjacent to the Ningbo polystyrene site in the Zhejiang Province in Eastern China.
Its annual capacity is planned to be at 600,000 tonnes. Construction is planned to start in 2020, completion is expected in 2023.
The announcement made by INEOS Styrolution forms part of a wider Strategic Cooperation Framework Agreement with the Ningbo Municipal People’s Government signed recently by INEOS. This framework agreement will help facilitate mutual benefit between INEOS and Ningbo City.
