The porous asphalt pavements is often used in important occasion for its special properties and performance which can be to a great extent attributed to the binder—high viscosity and elasticity asphalt (HVEA). To prepare high demanding binder for porous asphalt pavements, the polyurethane prepolymer (PUP) and styrene–butadiene–styrene (SBS) were used to modify the matrix asphalt compositely. First, based on a series of physical tests, the effects of binder composition on performance of SBS/PUP HVEA binder (SBS/PUP‐HVEA) were investigated. Then the Fourier transform infrared (FTIR) test was conducted to investigate the reaction mechanism of SBS/PUP‐HVEA binder. Last, the fluorescence microscopy, stability tests, multiple stress creep recovery test, and differential scanning calorimetry test were carried out to evaluate and compare the phase structure, storage, high‐temperature performance, thermostability characteristics of several HVEA binders. It is found that the composite modification of SBS and PUP can produce high quality binder which possesses high viscosity and high elasticity. And the composition of SBS/PUP‐HVEA were recommended as follows: Shell‐70# can be chosen as matrix asphalt, the contents of SBS modifier (SBS1301:SBS4303 = 1:2), H2122A PUP, chain extender M‐OEA, and crosslinker sulfur were suggested 4%, 5%, 0.5%, and 1‰, respectively. The new functional groups observed in FTIR confirmed the existence of physical and chemical reactions in the modification process, which were beneficial to improve the high temperature performance and storage stability of the binder. SBS/PUP‐HVEA had good phase structure, storage stability, high temperature performance, and thermostability compared to other HVEA binders. This study demonstrated that the SBS/PUP compositely modified asphalt possessed high viscosity and high elasticity, which can be used in the porous asphalt mixture and other highly demanding working environment as well.
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