04.22.21
Arkema said it is on track to begin production of Amino 11 and its flagship Rilsan polyamide 11 high-performance polymer at the new plant on Jurong Island, Singapore in the first half of next year.
This plant, for which production will be 100%-derived from renewable castor beans, represents a 50% increase in Arkema’s global polyamide 11 capacity.
With this project announced in 2017, Arkema said it is delivering on its strong commitment to Specialty Materials and the bio-based polyamide 11 chain.
When complete, this will represent the biggest integrated bio-factory in the world dedicated to high-performance polymers, according to Arkema.
It represents a 50% increase in global polyamide 11 capacity for Arkema.
The total investment in the region, which also includes downstream polymer capacities in China, is approximately €450 million.
To finance this new plant in Singapore, Arkema successfully placed its first-ever green bond in October 2020, for a total amount of €300 million.
“We are excited to maintain the momentum and speed of construction,” said Erwoan Pezron, senior VP, High Performance Polymers. “After facing early challenges due to the global pandemic, we are operating at full strength and are now entering the peak construction phase with an estimated 2,000 workers on-site during the summer months. The enthusiasm of our team in Singapore is stronger than ever, supported by the vigorous demand from our customers for sustainable and cutting edge solutions.”
