On October 14, there were 18 programs, with 6.94 billion yuan of total investment, starting operation in Linyi, Shandong Province, a 33,000 tons/year of high-performance rubber acid program included.
The rubber acid program invested by Shandong Fengquan New Materials, was planned to invest 520 million yuan to build up 33,000 tons/year of high-performance rubber acid production capacity, 10,000 tons/year of water process capacity and 30,000 tons/year of Thermo-Plastic Elastomer project.
Statistics showed that Fengquan New Materials, founded in April, 2020, mainly produces and sales antioxidant SP, antioxidant TNP, antioxidant 1520, nitrile butadiene rubber etc..
