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DuPont and Sinopec form EVA joint venture

DuPont's Packaging and Industrial Polymers (P&IP) unit and the Chinese petrochemical giant Sinopec have formed a joint venture to produce ethylene vinyl acetate (EVA) resins in Beijing, China.

Scheduled for start-up in late 2008, the 60,000tpa plant will be based at the existing facility of Sinopec Beijing Yanshan Company.

DuPont says the joint venture – of which it owns 45 percent, and Sinopec the remainder – will supply a range of specialised EVA products, serving markets such as packaging, adhesives, printing, wire and cable, and footwear.

Sinopec is the largest petroleum products producer and distributor in China, and the second largest crude oil producer.

Source: prw.com

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