THE WOODLANDS, TX – The Performance Products division of Huntsman Corp. announced that it is going ahead with the engineering design for a 40,000-ton capacity expansion program at its world-scale polyetheramine facility in Singapore.
Huntsman plans to invest more than $70 million at its Jurong Island plant in a move that will more than double the site’s manufacturing capabilities, help satisfy increasing global demand for polyetheramines and strengthen the company’s leadership position in this technology. In the last five years, Huntsman has seen interest in its JEFFAMINE® amines accelerate dramatically.
Polyetheramines are typically employed in epoxy coatings or in additives that enhance the performance of fuels, concrete and pesticides. With new amine applications emerging all the time, Huntsman is forecasting significant mid-term growth in the sector.
Although Huntsman already has a significant position in the market, it expects demand for its JEFFAMINE amines range to intensify across all regions over the next decade, particularly in Asia-Pacific, where volume is set to grow by at least 10 percent per year.
Huntsman to Expand Capacity at Singapore Polyetheramines Plant
February 23, 2011