Eastech Chemical signs the contract with Versalis, a subsidiary of Italy's Eni Group for a 50 KTY Plant High Solid SBR Latex (HSL unit), at Beijing time 28th June 2022 to jointly build the first HSL plant in China.

The company leaders, along with Giuseppe La Scola, CEO of Versalis Asia Pacific Trade, and Fabio Assandri, Vice President of Technology Transfer Business Unit, attended the event to witness this important moment together.

It is worth mentioning that this is the second deep cooperation between Yike Chemical and Eni Group after the ABS project, breaking the situation where domestic butadiene styrene latex products rely solely on imports and successfully filling the gap in the domestic market. The achievement of this strategic cooperation is based on the consensus of both parties on the development of the Chinese butadiene styrene latex market, and is also based on the strong alliance and complementary advantages of both parties.

Versalis is a technology leader in the chemical industry and one of the largest polymer producers in Europe. It has the world's advanced continuous low temperature lotion polymerization process of high solid styrene butadiene latex. Its products have the characteristics of high solid content, zero odor, non irritation, aging resistance, etc., and are favored by downstream customers and consumers in the world and China. And Yike Chemical has a professional amplification laboratory base, focusing on the research and development, production, and operation of high-performance new materials and specialized chemicals. Specialized development and technological support are of crucial strategic significance for both parties.

The company stands at the forefront of the market, seizes opportunities, promotes cooperation, and breaks through the limitations of the lack of industrial facilities and high solid butadiene styrene latex production technology in China. It makes Yike Chemical the first enterprise in China to achieve stable industrial production of high solid butadiene styrene latex, accelerates the development of domestic downstream industries, and injects new development drivers into Yike Chemical and even the domestic butadiene styrene latex market. This signing ceremony is another key milestone in the strategic cooperation between Yike Chemical and Versalis, further consolidating the long-term and stable strategic partnership between the two sides, and jointly promoting mutual benefit, creating higher brand and social value。