ERJ staff report (DS)
Singapore -- Lanxess AG has selected Singapore as the site for its new neodymium polybutadiene rubber (Nd-PBR) plant. The company plans to invest roughly Euro200 million in a 140,000 metric tons per annum facility on Jurong Island Chemical Park. The facility will be the largest of its kind in the world. About 100 jobs will be created. The plant is expected to start up in the first half of 2015.
A corresponding memorandum of understanding (MoU) will be signed tomorrow, June 2, 2011, between Lanxess CEO Axel C. Heitmann and Leo Yip, Chairman of the Singapore Economic Development Board (EDB). The signing is in connection with the first-ever official visit of German Chancellor Angela Merkel to Singapore.
Lanxess and the Petrochemical Corporation of Singapore (Private) Limited (PCS) have signed a MoU on the long-term supply, via pipeline, of butadiene from PCS to Lanxess and raffinate II from Lanxess to PCS. Butadiene is the raw material LANXESS needs to produce Nd-PBR and raffinate II will be a product stream from Lanxess' future butyl rubber plant in Singapore.
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Press release from Lanxess