10 March 1999 05:47 [Source: ICIS news]
SINGAPORE (CNI)--Shell Chemicals and BASF are confident of reaching a decision within this year on plans to build a styrene monomer (SM) and propylene oxide (PO) facility on Jurong Island, CNI was told Wednesday.
Shell Chemicals' executive vice president for Asia Pacific and the Middle East, George Lefroy, said their negotiations are "progressing well".
He declined to elaborate on the talks or to comment on likely markets, but added that the joint venture partners will likely finalise plans within this year - and, if built, the facility will produce 550 000 tonne/year of SM and 250 000 tonne/year of PO when it comes onstream in 2001.
Shell's existing SM/PO joint venture here (with Mitsubishi Chemical), Seraya Chemicals, produces 315 000 tonne/year of SM and 140 000 tonne/year of PO. That complex also is on Jurong Island.
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