Arkema to build new bio-based polyamide 11 plant on Jurong Island, Singapore
Arkema confirms it is on track to begin production of amino 11 and its flagship Rilsan polyamide 11 polymer at a new plant on Jurong Island, Singapore in the first half of 2022. According to the company, production will be completely derived from renewable castor beans and will represent a 50% increase in Arkema’s global polyamide 11 capacity.
The company’s total investment in the region, which also includes downstream polymer capacities in China, is approximately €450 million, according to Arkema. To finance the new plant in Singapore, Arkema says it successfully placed its first green bond in October 2020 for a total amount of €300 million. After a first phase of in-depth studies and administrative procedures, Arkema technical teams have reportedly started work on the infrastructure and construction of plant.
“We are excited to maintain the momentum and speed of construction,” says Erwoan Pezron, senior vice-president, high performance polymers. “After facing early challenges due to the global pandemic, we are operating at full strength and are now entering the peak construction phase with an estimated 2,000 workers on site during the summer months.”
For more information, visit: www.arkema.com
