Singapore to host two biodiesel plants

Singapore’s petrochemicals industry got a boost on Wednesday, as two foreign companies announced they would set up biodiesel plants here. These facilities will be a first for Singapore, and will attract more than S$80 million in investments. The two biodiesel plants will be built on Jurong Island, Singapore’s petrochemicals hub.

The first is from a German family business – Peter Cremer – which has had a trading office in Singapore since the 1980s. Peter Cremer will initially invest up to S$34 million in the Jurong Island plant, which will have a capacity of 200,000 metric tons per annum.

The second biodiesel plant is a joint venture between Wilmar Holdings and Archer Daniels Midland Company. Wilmar plans to invest S$50 million over time, but did not specify the actual period. The plant is expected to be operational by the end of next year. It will have an initial capacity of 150,000 metric tons a year, which can be raised to 300,000.

Most of the products will be exported initially.

Channel NewsAsia