Mitsui, Prime Polymer build metallocene polymer plant in Singapore
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Mitsui, Prime Polymer to build metallocene polymer plant in Singapore

10:33 AM, 22nd May 2013
Mitsui, Prime Polymer to build metallocene polymer plant in Singapore

 

SINGAPORE: Prime Evolue Singapore Pte. Ltd (EVLS), a joint venture of Prime Polymer Co Ltd and Mitsui & Co held a groundbreaking ceremony for its new Evolue (metallocene polymer) production plant in Tembusu, Jurong Island, Republic of Singapore. The 300 kilotonne per year plant will bring PRM Group’s Evolue production capacity to 550 kilotonne per year, including its plant in Ichihara, Japan. The completion of construction is expected by December 2014 and the commercial operations are scheduled for second quarter of 2015.

With the establishment of a new company and construction of a new production facility in Singapore, PRM aims to solidify its position as the market leader in Asia, and target further expansion of its Evolue business. The project is expected to significantly contribute to growth of Singapore’s chemical industry.

“Singapore, with its well-established infrastructure and availability of critical feedstock, provides an excellent location for companies looking to meet their customers’ needs and create new business opportunities. We are pleased that Prime Polymer has chosen Singapore as its base to grow its Evolue business in Asia. When fully realised, Singapore will account for half of Prime Polymer’s global production capacity for Evolue. Prime Polymer’s confidence in Singapore reflects Jurong Island’s attractiveness to leading chemical companies looking to tap into Asia’s growth,” said Eugene Leong, Director, Energy and Chemicals, Singapore Economic Development Board.

© WOC News

 

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