India Singapore ("TPLIS") announces US$110 million investment to set up normal-paraffin petrochemical plant at Jurong Island. It leverages TPL's strong track record in Normal-Paraffin production, its technological expertise and market knowledge of the petrochemical industry.

TPL India Singapore ("TPLIS") announced its US$110 million investment to set up a 100,000 MTPA Normal-Paraffin petrochemical plant on Jurong Island. Shareholders of TPLIS include Certus Investment & Trading Limited ("CITL"), a wholly owned subsidiary of Tamilnadu Petroproducts Limited ("TPL"); Development Enterprises Holding Company ("DEH"), a wholly owned subsidiary of Kuwait Finance House; and EDB Investments Private Limited, the wholly owned investment arm of Singapore Economic Development Board ("EDB"). 

The project is the first joint venture project between three countries. It shows the growing global diversity and cross border investments & collaborations. It leverages TPL's strong track record in Normal-Paraffin production, its technological expertise and market knowledge of the petrochemical industry. Higher officials believe Singapore is an ideal location to set up chemical industries in terms of infrastructure facilities, friendly government attitude coupled with incentives and strategic location of the country. DEH views this project as a stepping-stone for further integration to downstream projects which would act as a nucleus to become a lead global player in n-Paraffin/LAB businesses. DEH from Kuwait looks to further investments in Singapore as a long term strategic partner. 

The first phase of the project is expected to create employment opportunities for around 80 personnel, mostly skilled engineers and technicians, with enormous indirect employment through contractors deployed for the project. The project would utilize the utility, infrastructure and other service facilities available in Jurong Island, by outsourcing project requirements. Shareholders of Singapore Refining Company, Chevron and SPC, have agreed in principle to supply feedstock for the project and take the return stream from the new plant. Universal Oil Products (UOP), USA is the technology know-how supplier for the plant. One of the key strengths of the project is that 50% of the production will be exported to TPL under a long-term arrangement. The remaining 50% will be exported to other Linear Alkyl Benzene (a key material used in household cleaning products like laundry detergents and dishwashing products) manufacturers in South East Asia and India.

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