07 February 2012

 Work may start soon on two petrochemical projects

Despite eurozone concerns, the go-ahead is expected soon for two planned petrochemical investments totalling over $500 million on Jurong Island. The first is Lanxess' 200 million euro (S$330.7 million) Nd-PBR plant - the German group's second synthetic rubber facility here to supply to China and other Asian markets - which is looking 'very positive' to proceed, BT understands. The second is Petrochemical Corporation of Singapore's planned C4 downstream plant, costing US$100-150 million, to supply feedstock to Lanxess' upcoming neodymium polybutadiene (Nd-PBR) project.

(The Business Times, 26 Jan 12)