Regions :: Southeast Asia :: Singapore
Shell Takes Control of Singapore EO-EG Venture
11:00 AM MST | November 22, 2010 | Ian Young
Shell Eastern Petroleum, a Royal Dutch Shell subsidiary, says it has agreed to acquire Japan-Singapore EOG Co.'s 30% stake in Ethylene Glycols Singapore (EGS) for an undisclosed amount. The deal increases Shell Eastern's stake in EGS to 100%. Japan-Singapore EOG is a consortium of Japanese companies led by Mitsubishi Chemical. Meanwhile, EGS is considering plans to increase ethylene oxide (EO) manufacturing capacity, local reports say. EGS has capacity for 60,000 m.t./year of EO and 120,000 m.t./year of ethylene glycols (EG) at Jurong Island, Singapore. It also...
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