SINGAPORE (June 2, 2011)—Lanxess A.G. has selected Singapore as the site for its neodymium polybutadiene rubber (Nd-PBR) plant.
The company plans to invest roughly $289.5 million in a facility with 140,000 metric tons per year capacity at Jurong Island Chemical Park.
The facility will be the largest of its kind in the world, the company said. About 100 jobs will be created. The plant is expected to start up in the first half of 2015.
A corresponding memorandum of understanding will be signed between Lanxess CEO Axel C. Heitmann and Leo Yip, Chairman of the Singapore Economic Development Board.
Lanxess and the Petrochemical Corp. of Singapore (Private) Ltd. have signed an MoU on the long-term supply, via pipeline, of butadiene from PCS to Lanxess and raffinate II from Lanxess to PCS. Butadiene is the raw material Lanxess needs to produce Nd-PBR and raffinate II will be a product stream from Lanxess' future butyl rubber plant in Singapore.