25 September 2009 12:46 [Source: ICIS news]
LONDON (ICIS news)--Jurong Island, Singapore’s vast chemical hub, has marked the completion of its land reclamation more than 20 years ahead of schedule, sources said on Friday.
Cedric Foo, the chairman of JTC Corp, which is the owner-operator of ?xml:namespace>
Fifteen years ago,
When reclamation work started in 1995, it was expected to be completed by 2030, he said.
The initial aim of the project was to facilitate
The concept behind
Foo noted that in 2000, 61 petrochemical companies with a total investment of $21bn (€14m) were represented on
Companies operating on the island include Air Products, AkzoNobel, Asahi Kasei, Celanese, Chevron Philips, Eastman Chemical, ExxonMobil, Huntsman Corp, Mitsui Chemicals, Shell, Sumitomo Chemicals and Teijin, according to JTC .
“Notwithstanding the milestone event today, we will continue to find ways to adjust the Jurong Island profile to bring about stronger integration for greater operating efficiencies by the companies, and in particular to include new entrants,” said Lim Hng Kiang, Singapore’s trade and industry minister.
“In the longer term, our plan is to position
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