Chemicals industry can lead the way
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19 August 10
The Strait Times by Robin Chan
RAISING productivity and keeping it at a high level is a tall order but the energy and chemicals industry can certainly meet the challenge, according to Senior Minister of State for Trade and Industry S. Iswaran yesterday.Firms in these areas are already among the most productive in Singapore and they can improve further, he said.He was speaking at the National Day Observance Ceremony for the ...
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Wilmar to buy Natural Oleochemicals
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22 July 10
The Business Times by Chew Xiang
PALM oil giant Wilmar International is buying 91.38 per cent of Natural Oleochemicals, a unit of Malaysia's Kulim group, for RM450 million (S$192.3 million) in cash. The acquisition of the Johor-based oleochemical producer is expected to be completed within three months. Wilmar said the purchase will be funded internally and through bank borrowings. The acquisition is subject to certain ...
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Merck to close chemical plant here by end-2011
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16 July 10
The Business Times by Chen Huifen
DRUG giant Merck will be ending its chemical manufacturing operations in Singapore by the end of next year as it consolidates its activities worldwide after its US$41 billion merger with Schering Plough. In response to BT queries, a spokesman for Merck Sharp Dohme (MSD) - the Singapore subsidiary of the New Jersey-headquartered group - said yesterday that it was difficult to say how many ...
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Mitsui Chemicals opens 2nd elastomers plant here
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14 July 10
The Business Times by Ronnie Lim
MITSUI Chemicals - which has made Singapore its key manufacturing base outside Japan through investments worth more than $1 billion - is considering more high-tech, value-add plants here. At a news conference yesterday to mark the opening of its $280 million second elastomers plant on the island - which is also its fifth and most advanced such facility worldwide - the company's president and ...
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Chemical industry R&D key to future
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14 July 10
The Strait Times by Ian Poh
RESEARCH and development in the chemicals industry is essential to Singapore's push into higher-value activities, Trade and Industry Minister Lim Hng Kiang said yesterday.Mr Lim, who was speaking at the opening ceremony for a new plant, said: 'A technology or R&D engine for the chemicals cluster is essential for us to remain competitive, as it will allow us to move from being a fast implementer ...
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EMS Energy clinches US$22.35m contract
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24 June 10
The Business Times by Nicholas Yeo
OFFSHORE and marine solutions provider EMS Energy has won a US$22.35 million engineering, procurement and construction (EPC) contract from a regional shipyard to design and build a ship transfer system. The delivery schedule is expected to be 14 months. The transfer system is part of a shiprepair facility that will ultimately cost US$250 million and will be able to handle 160 vessels a year when ...
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Lanxess breaks ground for 400m euro plant
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17 May 10
The Business Times by Ronnie Lim
GERMAN specialty chemicals group Lanxess said last week that due to strong demand for its synthetic rubber, it will break ground today for its new 400 million euro (S$687 million) Singapore butyl rubber manufacturing facility. This confirms the market rebound since January, when the group first announced that it was bringing forward the construction of its earlier-deferred Singapore project. ...
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Shell opens $4b chemical complex
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05 May 10
The Strait Times by Fiona Chan
ENERGY giant Royal Dutch Shell yesterday opened its highly anticipated multi-billion-dollar petrochemical complex in Singapore, producing chemicals used in almost every consumer product from clothes to cars. The Shell Eastern Petrochemicals Complex - a sprawling network of plants on Pulau Bukom and Jurong Island connected by sub-sea pipelines - took four years, more than 15,000 workers and enough ...
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Sembcorp gearing up for 2nd cogen plant
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15 April 10
The Business Times by Ronnie Lim
WITH electricity demand climbing again and new petrochemical investors returning to Jurong Island, Sembcorp is getting ready to build a second combined cycle/cogeneration plant there expected to cost around $1 billion. It has apparently applied to Singapore's regulator, the Energy Market Authority, for an additional generation licence of around 1,000 megawatts, and also issued information ...
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Shell's Bukom complex to open in May
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18 March 10
The Strait Times by Jessica Cheam
LONDON: Energy giant Royal Dutch Shell will officially open its highly anticipated multibillion-dollar petrochemical complex in Pulau Bukom on May 4 - a project almost five years in the making. Chief executive Peter Voser told The Straits Times that the timing of the opening of the complex - estimated to have cost US$3 billion (S$4.2 billion) - was ideal, given the recent recovery of global ...
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Yang Kee plans $45m chemical logistics hub
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09 February 10
The Business Times by Abigail Kor
YANG Kee Logistics Pte Ltd announced yesterday its plans to invest $45 million in a new one-stop chemical logistics hub at Jurong Pier Road. It awarded BBR Holdings Ltd a $42 million contract to construct Phase 1 of the new hub, with the remaining $3 million to be spent on equipment and technology. The five-storey hub with a site area of four hectares will centralise current operations from Yang ...
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GATEway to medical equipment
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21 January 10
The Business Times
LOOKING for buyers or sellers of medical equipment? The Global-Asia Trade Exchange (GATE) 10 Medical Technology fair on March 18-19 will be the one-stop exchange for those in the trade. GATE is touted by its organisers as 'a premier procurement event in Asia that seeks to connect global buyers and regional suppliers in the electronics and precision engineering industry'. It's been such a great ...
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Shell moves to start a chain reaction here
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14 December 09
The Business Times by Ronnie Lim
(SINGAPORE) Shell Chemicals is looking at more value-added, downstream investments in Singapore which will be a catalyst for a significant, new 'high-purity chemicals corridor', and potentially attract more supporting players here, its London-based head said. An example of a downstream investment is the production of high-purity ethylene oxide (or EO, used for making detergents and soaps). ...
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New lab gives chemical R&D a huge boost
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15 October 09
The Strait Times by Jonathan Kwok
A NEW $7 million laboratory has been opened to boost research & development and workforce training in the pharmaceutical and speciality chemicals industries.The Kilo Lab on Jurong Island, unveiled yesterday by A*STAR's Institute of Chemical and Engineering Sciences (ICES), will specialise in studies involving the scaling up of chemical production processes.Currently, many chemical research ...
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Supply overhang may hit petrochemical sector
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06 October 09
The Business Times by Ronnie Lim
(SINGAPORE) It's going to be a tough road ahead from this final quarter onwards for Singapore's petrochemical plants, which managed to do relatively well during the last two quarters - thanks to some delays in expected new Middle East capacity. Q3 was reportedly better than even Q2, when plants here returned to near full capacity after the earlier economic downturn. Still, more new capacity is ...
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