MOSCOW (MRC) -- Huntsman has announced it will begin construction on a 25,000 t capacity expansion programme at its world-scale polyetheramine facility in Singapore in the first half of 2015, taking the annual total capacity to 50,000 tons, according to GV.
Huntsman said it is investing USD 100 million for this latest expansion at its Jurong Island facility, which will also include backward integration to produce polyethers from locally sourced feedstocks. This project is intended to help the company meet growing global demand for polyetheramines. Construction of the new facilities is expected to be completed in the second half of 2016.
"We expect demand for our amines products to increase across all regions over the next decade, particularly in Asia-Pacific - where volume is set to grow by at least 10 % per year," noted Huntsman President and CEO, Peter R. Huntsman.
"Combined with our other existing polyetheramine manufacturing facilities in Conroe, Texas, and Llanelli, Wales, the expansion at our Jurong site will help us respond more quickly to customer demand, not only in the rapidly growing Asia market, but also around the globe," Stu Monteith, President of Huntsman's Performance Products division added.
As MRC wrote before, last year, the performance products division of Huntsman expanded its global polyetheramines (PEA) capacity by nearly 15% as a result of debottlenecking three of its PEA manufacturing plants globally. Expansion was done in the Americas, Europe and Asia. The company's projects at its Conroe, Texas (US), Llanelli, Wales (UK) and Singapore sites had become fully operational by May 2014.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Our operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.