Toyo Engineering Corp. (Toyo; Chiba, www.toyo-eng.co.jp) and PT. Inti Karya Persada Tehnik (IKPT) have been awarded a contract for a synthetic rubber plant project with a production capacity of 120,000 metric tons per year (m.t./yr) in Cilegon, Java, Indonesia from PT. Synthetic Rubber Indonesia (SRI), a joint venture company of Compagnie Financiere Du Groupe Michelin (Michelin) and PT Chandra Asri Petrochemical Tbk (CAP).
This synthetic rubber plant will produce solution styrene butadiene rubber (SSBR) and polybutadiene rubber with neodymium catalyst (PBR) licensed by Michelin, which will be used to produce tires. The plant will utilize butadiene feedstock produced by PT Petrokimia Butadiene Indonesia, a subsidiary of CAP. Toyo entered into an offshore-supply contract and IKPT entered into a detailed engineering, procurement and construction contract with SRI separately. The target for completion is 2018.