
Singapore is the best location for petrochemical businesses to capitalize on the regional growth potential. The Singapore advantage was underscored with the successful launch of the multi-billion dollar Shell Eastern Petrochemicals Complex which spans Pulau Bukom and Jurong Island. The project in Singapore has created Shell’s largest, fully-integrated refinery and petrochemicals hub. This is regarded as a major milestone in the energy and chemical industry which with billion annually accounts for one third of Singapore’s manufacturing output. SEPC comprises a new ethylene cracker and a butadiene extraction unit on Bukom, and a mono ethylene glycol plant on Jurong Island.
Experts opine that the Shell Eastern Petrochemicals Complex (SEPC) could help to attract some billion in fixed asset investments from leading global chemical firms. The facility will bring in a wave of high value downstream investments in the chemical industry. The Asian petrochemical demand grows at the rate of 4-5% annually. As Asia grows and its demands for construction materials, textiles, packaging materials etc escalates, the demand for petrochemicals will also shoot up. To tap on this opportunity it is essential to be near the market to save costs as well to procure sensibly, for instance, the SEPC equipped with the cracker unit will be able to supply at competitive rates to the regional markets than the Middle East.
» Read more: Singapore Petrochemical Industry Promises More Potential

