23 June 2008 09:05 [Source: ICIS news]
SINGAPORE (ICIS news)--Linde Gas Singapore, a subsidiary of German industrial gas major Linde Group, plans to invest S$30m ($22m) to expand its hydrogen, carbon monoxide and syngas (HyCO) facility at Jurong Island, Singapore to meet the rise in demand, it said on Monday.
The expansion would help Linde meet its commitment to supply carbon monoxide to Lucite International’s methyl methacrylate (MMA) plant on Jurong Island, it added in a statement but did not provide further details.
"This investment is a reflection of our continued commitment to the growing Singapore market. We are encouraged by the support from the Economic Development Board (EDB)," said Sanjiv Lamba, managing director for Linde’s businesses in south and east Asia.
"We are in the process of evaluating a number of new opportunities which are likely to result in making additional investments in Singapore over the coming months," he added.
The new MMA plant, expected to come on-stream later this year has a capacity of 120,000 tonne/year and will be the world’s first unit to use alpha technology that employs ethylene, carbon monoxide and methanol as feedstocks.
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($1 = S$1.37)
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