LG Chem, CNOOC Set China ABS Venture | July 27, 2009 Issue - Vol. 87 Issue 30 | Chemical & Engineering News
Volume 87 Issue 30 | p. 30 | Concentrates
Issue Date: July 27, 2009

LG Chem, CNOOC Set China ABS Venture

Department: Business
Keywords: LG Chem, CNOOC, ABS

LG Chem and China National Offshore Oil Corp. have set up a joint venture that will invest $370 million in an acrylonitrile-butadiene-styrene (ABS) plant in southern China. The engineering plastics facility will be built in two phases, starting with a 150,000-metric-ton-per-year unit that will begin production in 2011; capacity will be doubled in 2013. LG Chem already operates ABS plants with a capacity of 600,000 metric tons in Ningbo, in eastern China.

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