On June 2, Elkem Silicones kicked off the foundation-laying ceremony of the 6,000 t/a specialty silicone oil project at its Jiangxi Xinghuo production base. Aiming to enhance the supply capacity and market competitiveness of Elkem Silicones in specialty silicone oil products, the project will contribute to the polyurethane, textile, agriculture, leather, and other industries in coping with the challenges brought by the global trend, meeting the growing market demand.
At present, consumption upgrading and industrial transformation are gradually forming a positive cycle. In this context, the demand for specialty silicone products in downstream industries is further enhanced. Established to meet the needs of the downstream market and accelerate the pace of innovation, the specialty silicone oil project of Elkem Silicones will focus on the production of low hydrogen silicone oil, epoxy silicone oil, polyether silicone oil, and other specialty silicone products after completion.
The application fields of specialty silicone oil products include polyurethane foaming, textile, agriculture, leather and other industries. The development trend of green circular economy and industrial structure optimization makes these industries face unprecedented transformation pressure. The specialty silicone oil project of Elkem Silicones will provide more valuable solutions to these industries to help them close the technology gap with competitors and develop innovative products, thus achieving business growth targets.
The specialty silicone oil project is scheduled to start production in the third quarter of 2023, with an estimated annual capacity of 6,000 tons. As an important part of the development strategy of Elkem Silicones in China, the project has far-reaching significance for Elkem Silicones to continue to cultivate the Chinese market, expand its Asia-Pacific strategy, and lay out its global specialty business. It is also an important step for Elkem Silicones to further consolidate the integrated service capability of the whole industrial chain and ensure the integrity of the downstream product chain, demonstrating Elkem Silicones' confidence in the advantages of the Chinese industrial chain and supply chain.