Synthos Signs Agreements To Build Synthetic Rubber Plant
News: Poland-based chemical raw material producer Synthos plans to build a synthetic rubber plant in Brazil that will be based on Michelin technology and use raw materials supplied by Brazilian petrochemical company Braskem, reports Reuters. Synthos stated that it had entered into a conditional 15-year agreement with Braskem that is valued at around PLN4.5bn (US$1.49bn). The agreement aims to supply butadiene to the proposed synthetic rubber plant. Synthos has also entered into a conditional 20-year agreement with France-based tyre maker Michelin for the project. Under the terms of the agreement, Michelin will provide Synthos a licence to manufacture synthetic rubber and transfer its related expertise to Synthos.