ISRL starts the first state-of-the-art ESBR Plant in Panipat, India

[Taipei] TSRC Corporation (“TSRC”) announced today its invested JV Company in India, Indian Synthetic Rubber Ltd. (“ISRL”), celebrated its newly completed Emulsion Styrene Butadiene Rubber (“ESBR”) plant at Panipat, Haryana State on November 29, 2013, and commercialized in December, 2013. ISRL is a joint venture company among TSRC Corporation, Indian Oil, and Marubeni Corporation, Japan with a total investment of USD 185 million by share of 30%, 50% and 20%, respectively, for an annual output of 120 KT ESBR.

TSRC has achieved a major milestone with the commissioning of Indian's first state-of -the-art ESBR Plant, which was closed to IndianOil’ Panipat refinery based on butadiene available from the Panipat Naphtha Cracker Complex.

ISRL brings together the three companies’ core competencies: TSRC’s marketing and technical expertise in ESBR, Indian Oil’s butadiene feedstock and utilities stable supplies and Marubeni’s strength in logistics network. This state-of-the-art ESBR production facility was completed under the stringent supervision from TSRC and supports from all parties. This 120,000 metric tons ESBR plant commercialized in December of 2013 and was the first in India.

ESBR offers better resistance to abrasion and process ability than natural rubber. Unlike natural rubber, its quality and quantity are not affected by climatic and geographical factors, which make ESBR the most widely, used synthetic rubber today. Additionally, it is also the main raw material for automotive tires, shoe soles, conveyor belts, rubber belts, military vehicles, sports equipment, toys, etc. The rapid development of automotive industry in India will lead to the stable growth of ESBR. The capacity from ISRL will satisfy part of the demand for ESBR market in India.