Befar Group (滨化股份) announced on July 17, 2026, that it plans to build a 70,000 metric tons/year halogenated butyl rubber project through its wholly-owned subsidiary Shandong Binhua New Materials Co., Ltd. The total project investment is RMB 1.822 billion, with funding sources including own funds and self-raised funds. The project will leverage Binhua New Materials advantages in location, port access, land, wind and solar resources, a complete public auxiliary supporting system, and integrated isobutylene raw material supply to effectively regulate MTBE supply-demand balance and enhance competitiveness of the C4 industrial chain. The announcement was made via Shanghai Securities News.
Insights / Investment
InvestmentBefar Group Plans RMB 1.822 Billion Investment in 70,000 t/y Halogenated Butyl Rubber Project
Chinese chemical company Befar Group announced plans to invest RMB 1.822 billion through its wholly-owned subsidiary Shandong Binhua New Materials to construct a 70,000 metric tons/year halogenated butyl rubber project.
