28 May 2008 12:17 [Source: ICIS news]
SINGAPORE (ICIS news)--The local petrochemicals industry will be able to capture value from new chains and produce specialty and higher value products on the completion of ExxonMobil’s and Shell’s mega ethylene complex in 2009, said a senior local official in the May edition of the Economic Development Board's Singapore Investment News.
Amid competition from extremely cost-efficient regional countries, the only way to maintain competitiveness and growth is to introduce a differentiation factor from the other chemical producing nations.
To do this,
Emphasising technology as a critical facilitator in the differentiation process,
“We want to reach a point where we are able to compete with the
The new technology employed in the plant is expected to reduce MMA production costs by using ethylene, carbon monoxide and methanol as feedstock as opposed to the current acetone cyanohydrin feedstock.
The EDB is a government agency responsible for planning and executing economic strategies to enhance
($1 = S$1.36)
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