Evonik ‘Significantly’ Expanding Oil Additives in Singapore
German specialty chemicals producer Evonik said it will "significantly" expand its oil additives production at Jurong Island in Singapore by 2015 through production improvements and debottlenecking. All the measures combined will nearly double output of the site.
Evonik said it is reacting to above-average growth in the oil additives market resulting from expanding mobility and increasing demand in Asia for high-performance lubricants with higher additive content. When work is completed, the Singapore plant will be the largest of the company's six production facilities for the products.
The additives sold under the Viscoplex brand name are designed to improve productivity and fuel efficiency. Evonik said its decision to locate the new capacity in Singapore reflected excellent supply chain logistics, existing infrastructure, strong IP protection and a skilled workforce, along with support from the Singapore Economic Development Board (EDB). The board provides numerous incentives for international companies investing at Jurong Island.
