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Sunday, May 19, 2024

Arkema will install a new Bio-based Nylon Plant in Singapore with 300 million euros

Rilsan® polyamide 11 is a high-performance polymer offering of Arkema used in oil and gas, aerospace, automotive, textiles, electronics and sports equipment, frequently in tubing, wire sheathing, and metal coatings. The company is planning to increase its production capacity by 50%. Therefore, Arkema has decided to install a new plant in Singapore at Jurong Island. The plant will be a major step towards sustainable production of nylon as production will be 100-percent-derived from renewable castor beans.

Rilsan® polyamide 11 is recognized worldwide for its superior properties and performance in very demanding applications, significantly contributing to sustainable solutions in fast-growing sectors, such as new energy vehicles, 3D printing, and consumer goods, electronics, sports, and lifestyle markets.

With this ambitious project announced in 2017, Arkema delivers on its strong commitment to Specialty Materials and the bio-based polyamide 11 chain. The total investment in the region, including downstream polymer capacities in China, is approximately 450 million euros. 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 euros.

Erwoan-pezron
Erwoan-pezron

Erwoan Pezron, senior vice-president, High-Performance Polymers, said, “We are excited to maintain the momentum and speed of construction. After facing early challenges due to the global pandemic, we are operating at full strength. We 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 robust demand from our customers for sustainable and cutting edge solutions.”  

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