Transfar's synthetic parabutyl rubber project to start production in June

Zhejiang Chuanhua Synthetic Materials Co., Ltd.'s "Annual Production of 120,000 Tons of Rare Earth Butyl Rubber and Supporting Facilities Project" is currently under intensive construction.

On the construction site, a giant crane is lifting crucial components of the project.

According to Wang Changyin, the general manager of Chuanhua Synthetic, the entire project is expected to commence operations in June of this year.

Upon commencement, the company will possess the production capacity for 270,000 tons per year of systematic, differentiated, and scalable flexible rare earth butyl rubber.

The total investment for this project is approximately 606 million yuan, categorized as an expansion project.

Rare earth butyl rubber is a type of butyl rubber produced with a catalytic system primarily composed of neodymium rare earth metals. Tires manufactured using this rubber can effectively enhance the quality and performance of the tires.

Chuanhua Synthetic was founded in 2011 and is affiliated with ChemChina Intelligent Connections Corporation's chemical business. Its main business focuses on the production, research and development, and sales of synthetic new materials such as butyl rubber.

As of the end of 2023, ChemChina Intelligent Connections announced plans to spin off Chuanhua Synthetic and list it on the Shenzhen Stock Exchange.