Further Investment in Singapore
Air Liquide is stepping up its investment on Jurong Island, Singapore's wholly
integrated energy and chemicals hub.
Air Liquide, through SOXAL, its Singapore wholly-owned subsidiary, will invest
around Euros35million (S$60 million) to expand its industrial gas infrastructure on
Jurong Island and supply oxygen and nitrogen under a long term supply
agreement to CCD (Singapore), a joint venture between Taiwan's Chang Chun and
Dairen Chemical.
The new Air Separation Unit (ASU) will be connected to Air Liquide's pipeline
network. It will increase the oxygen production capacity of the existing
Air Liquide infrastructure by 20%. It will also produce argon for its industrial
merchant activity. The plant will be designed, developed and built by Air Liquide
Engineering & Construction teams and will be commissioned in 2013.
Over the last years, Air Liquide has invested around Euros280million (around
S$500million) in Jurong Island, Singapore. The company was amongst the first
companies to set foot on Jurong Island and today's infrastructure includes the largest
hydrogen production plant in Southeast Asia as well as 120 kilometres pipeline
network.
Both Chang Chun and Dairen Chemical are market leaders in their respective
fields. The project of CCD (Singapore) is the first major operation by the Taiwanese
petrochemical companies in the city-island. Air Liquide will supply three new plants
of CCD (Singapore) producing Allyl Alcohol (AAL), Vinyl Acetate Monomer (VAM)
and Cumene, which are used to produce a variety of products ranging from plastics,
paints, adhesives to textiles.
Mr Huang Fu-Chu, CEO, CCD (Singapore) said: "Singapore's Jurong Island is
among the world's top 10 petrochemical hubs. We are delighted to tap into
SOXAL's well-established production units and network which will ensure
increased reliability of supply."
Jean-Marc de Royere, Senior Vice-President Asia Pacific and a member of the
Air Liquide Executive Committee, said: "Air Liquide is pleased to support and
grow with Chang Chun and Dairen Chemical as they increase their
manufacturing footprint outside Taiwan. This newest investment underscores
our commitment to Singapore's chemicals and energy sector, to deliver an
efficient and reliable gas supply with leading-edge technologies. Asia remains
a promising zone forAir Liquide."
