LEVERKUSEN, Germany (March 1, 2012)—Lanxess A.G. will break ground for its new neodymium polybutadiene rubber plant in Singapore on Sept. 11 following the signing of a butadiene monomer supply deal with Petrochemical Corp. of Singapore (Pvt.) Ltd.
The company plans to invest roughly $266 million in a 140,000 metric tons per year facility in Jurong Island Chemical Park. Lanxess claims the facility will be the largest of its kind in the world and serve the growing market for “Green Tires,” especially in Asia. About 100 jobs will be created. The plant is expected to start up in the first half of 2015.
At today's launch event, Lanxess CEO Axel Heitmann announced that Lanxess has signed contracts with key suppliers to its Nd-PBR plant. With these suppliers in place, the project execution phase can now start to set up the infrastructure for the construction of the plant.