Lanxess has selected Singapore as the site for its new neodymium polybutadiene rubber (Nd-PBR) plant. The German specialty chemicals company plans to invest roughly € 200 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 and is expected to start up in the first half of 2015.
“It is only one year since we broke ground for our butyl plant in Singapore. Now we are ready to move forward with the second largest investment project in our history,” said Lanxess CEO Axel C. Heitmann. “The dynamic Asia region is a key cornerstone of our mid-term growth strategy.”
Lanxess conducted a feasibility study to evaluate potential locations for the plant in Asia. Singapore won due to a very good raw materials supply. ...