Huntsman Completes Capacity Expansion at Singapore Specialty Amines Facility
FOR IMMEDIATE RELEASE
July 11, 2017
THE WOODLANDS, Texas – Huntsman Corporation today announced that it has completed a 25,000-ton capacity expansion project at its world-scale amines facility on Jurong Island in Singapore, with plant capacity now totalling 50,000 tons. Approximately 50 employees and contractors work at the facility.
The facility expansion is intended to help Huntsman meet growing global demand for specialty amines and to strengthen its leadership position in amine technology. The project also included backward integration in the form of a purpose-built alkoxylation unit consuming locally sourced feedstocks to support the production of polyols and alkoxylates.
“The completed expansion of our Jurong facility allows us to manufacture more complex and a wider range of polyetheramines in Asia,” said David Ming, Vice President, Asia Pacific Region for Huntsman’s Performance Products division. “This expansion, combined with our specialty amines production at our facilities in Conroe, Texas and Llanelli, Wales, will help us respond more quickly to customer demand around the world,” he added.
"The expansion of Huntsman's manufacturing plant on Jurong Island, more than doubling the site's capacity, is reflective of Singapore's attraction as a strategic node in global supply networks," said Cindy Koh, Director, Energy & Chemicals, Singapore Economic Development Board. "We will continue to build on our strong foundation as an integrated chemicals hub, from the provision of locally sourced feedstock by dedicated pipeline and infrastructure, and logistic support supplemented by excellent connectivity to growing markets, to enable the industry's growth in specialty chemicals."
Specialty amines are used to improve the properties of many products, including coatings, herbicides, adhesives and composites. They can be found in a variety of applications including wind blades, agrochemicals, oilfield, construction materials and specialty plastics.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2016 revenues of approximately $10 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in approximately 30 countries and employ approximately 15,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting, the IPO or spin-off of Venator Materials Corporation, the ability to implement cost reductions and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.