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AFX News/Forbes: Anglo-Dutch Shell to invest heavily in petrochemical complex in Singapore

07.28.2006, 12:25 AM
 
SINGAPORE (XFN-ASIA) – Anglo-Dutch energy group Royal Dutch Shell confirmed it will invest heavily in a new petrochemical complex in Singapore.

In a statement it said it will build a new ethylene cracker on Singapore’s Bukom Island as part of an integrated refinery and petrochemicals project.

The project will also include modifications and additions to Shell’s existing refinery on Singapore’s Bukom Island and a new mono-ethylene glycol (MEG) plant.

It did not detail exactly how much it will spend, but in an earlier news report the Straits Times quoted Tan Ek Kia, Shell vice-president for ventures and developments in Asia-Pacific and the Middle East, as saying: ‘It is going to cost us several billion US dollars,’

Construction of the ethylene cracker is to begin later this year. Start-up of the new and modified facilities is expected by 2009-2010, Shell said.

The ethylene cracker with a capacity of 800,000 tonnes per annum ‘will be ideally positioned’ to supply the 750,000 tonnes per annum MEG plant as well as other facilities, Shell said.

it/bmm

 

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