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MOL, JSR form S-SBR venture in Hungary

2:30 PM MST | November 21, 2013 | Francinia Protti-Alvarez

MOL (Budapest) has reached an agreement with JSR Corp. (Tokyo) to establish a joint venture that will manufacture solution-polymerized styrene-butadiene rubber (S-SBR) at Tiszaújváros, Hungary from 2017.  The jv will be owned 51% by JSR and 49% by MOL. The new plant’s capacity will be 60,000 m.t./year. TVK (Tiszaújváros), a subsidiary of MOL, announced recently that it had begun construction of a 130,000-m.t./year butadiene recovery unit at the same site. Commissioning of that plant is expected for the second quarter of...

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