Indian Group Builds n-Paraffin Plant in Singapore

TPL India Singapore (TPLIS; Singapore) says it will invest $110 million to build a 100,000-m.t./year n-paraffin plant at Jurong Island, Singapore. TPLIS is a newly created joint venture in which Certus Investment & Trading, a wholly owned subsidiary of Tamilnadu Petroproducts (TPL; Chennai, India), will hold 51%. Development Enterprises Holding, the equity investment arm of Kuwait Finance House (Kuwait City), will have 44% and the Economic Development Board of Singapore will hold 5%. UOP will provide technology for the plant, which is due onstream in 2010...

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