Huntsman Corp. will double capacity at its polyetheramines plant in Jurong Island, Singapore, to 50,000 tons per year by mid-2016.
To meet an increase in global demand for polyetheramines, U.S.-based Huntsman said it is investing U.S. $100 million to double its 25,000 t/y plant in Singapore. The expansion will also include backward integration capability, which will allow it to use locally sourced feedstocks to produce polyethers.
Huntsman's Singapore plant makes a number of different polyetheramines that serve a range of applications, including those in the lubricants industry, a Huntsman spokesman told Lube Report Asia. Polyetheramines are sometimes used as additives in lubricants.
We expect demand for our amines products to increase across all regions over the next decade, particularly in Asia-Pacific - where volume is set to grow by at least 10 percent per year, Huntsman President and CEO, Peter R. Huntsman, said in a press release last week.
Combined with our other existing polyetheramine manufacturing facilities in Conroe, Texas, and Llanelli, Wales, the expansion at our Jurong site will help us respond more quickly to customer demand, not only in the rapidly growing Asia market, but also around the globe, Stu Monteith, President of Huntsmans Performance Products division added.