Hydrocarbon resin or HCR production typically uses C5 or/and C9 cut fractions from ethylene facilities as major feedstock. HCR is further hydrogenated to yield high-end products which are widely used in quality adhesives and paints & inks.
Before 2015, hydrogenation technology was seen as a barrier in China hydrocarbon resin market and Lanzhou Petrochem under PetroChina was the only local H2HCR resin supplier among 70 plus hydrocarbon resin producers.
However, an apparent breakthrough in this area has been found and a couple of local producers have been setting their H2HCR plants.
Ningbo Henghe Materials & Science Technology set up a 10 KMT/a hydrogenated C5 resin facility in Ningbo in the beginning of 2015
Zibo Luhua Hongjin New Materials invested to build up a 10 KMT/a hydrogenated C9 resin plant in Tianjin and put it into operation in May 2015
Hebei Qiming Chemicals & Science Technology set up a H2HCR plant in May 2015
Panjin Heyun Group put its 2 KMT/a hydrogenated C9 resin facility into normal operation in mid-2014; with further expansion in 2015, the facility capacity now is claimed to be 30 KMT/a
In Shandong Qilong Chemical , it is claimed that the construction of a 20 KMT/a hydrogenated C9 resin plant is underway
Some other investments on this sector have also been ongoing or scheduled.
Whether these newly-setup local facilities are technologically competitive or not remains to be seen.
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