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THE WOODLANDS, US: The Performance Products division of Huntsman Corporation announced that it is going ahead with the engineering design for a 40,000-ton capacity expansion program at its polyetheramine facility in Singapore. Huntsman plans to invest more than $ 70 million at its Jurong Island plant in a move that will more than double the site’s manufacturing capabilities, help satisfy increasing global demand for polyetheramines and strengthen the company’s leadership position in this technology. In the last five years, Huntsman has seen interest in its JEFFAMINE amines accelerate dramatically.
“When our Jurong site first opened in 2007 it was designed to produce 16,000 tons of polyetheramines per annum. However, in the last few years demand has begun to outstrip production capabilities across our three main production sites in Singapore; Conroe, Texas; and Llanelli in Wales. Adding this extra 40,000 tons of capacity in Asia is in line with our regional growth projections for the next decade and will optimize our global manufacturing footprint for specialty amines,” said Stu Monteith, President - Performance Products division, Huntsman. Huntsman expects demand for its JEFFAMINE amines range to intensify across all regions over the next decade, particularly in Asia-Pacific - where volume is set to grow by at least 10 per cent per year.
© WOC News
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