Environmental impact assessment announcement for the first phase of a project in Jiaxing City, Zhejiang Province, aiming to produce 240,000 tons of high-performance synthetic rubber per year

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On October 21, the environmental impact assessment for the project to produce 240,000 tons of high-performance synthetic rubber per year (Phase I) was made public. The continuous development of the green tire industry has driven strong demand in the market for high-performance synthetic rubber materials. Based on this, Zhejiang Jiahua New Materials Co., Ltd. plans to build a project for the production of 240,000 tons per year of high-performance synthetic rubber. The project is divided into 2 phases. The first-phase project is located within the existing factory complex at No. 1 Binhai Avenue, Economic Development Zone, Haiyan County, Jiaxing City, Zhejiang Province. The total investment for the project is 1.233 billion yuan. The project plans to make use of the existing resources of Jiahua New Materials by demolishing some of the company’s old facilities and unused factories, thereby freeing up land for the construction of a facility capable of producing 120,000 tons per year of high-performance synthetic rubber. The construction includes: 1 continuous production line with an annual output of 60,000 tons of solvated styrene-butadiene rubber, and 1 flexible rubber production line with an annual output of 60,000 tons (this line is shared by solvated styrene-butadiene rubber, low-softness rubber, and thermoplastic styrene-butadiene rubber). In addition, one external transfer pipeline for butadiene will be constructed this time. The products of this project are mainly solution-polymerized styrene-butadiene rubber, thermoplastic styrene-butadiene rubber, and low-entropy rubber. According to previous announcements, for Phase 1 of this project, the products are expected to be gradually introduced to the market in 2027. As for Phase 2, a specific investment decision will be made after taking into account the operational performance following the launch of Phase 1, as well as future market trends.