Lummus Technology announced that its Green Circle business and Synthos have started collaborating to commercialize Synthos’ biobutadiene technology. The first step of the commercialization program includes the development of a feasibility study for a biobutadiene plant with a production capacity of 20,000 tons per year, which will form the basis for an investment decision.
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The Malaysian rubber industry continues its upward trajectory with exports increasing 169.6 percent to RM 21.84 billion for the first quarter ended March 31, from RM 8.10 billion last year.
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The global butyl rubber market is expected to reach a market valuation of over $ 4,200 million by the end of 2025, growing at a CAGR of 4.7 percent during the forecast period. The rise in demand for butyl rubber is due to its growing applications. The butyl rubber market is witnessing a rapid increase in demand from the pharmaceutical industry.
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