Page 31 - Plastics News Issue November - 2024
P. 31
COMPANY NEWS
to identify and assess new streams of plastic the amount of plastic waste that gets recycled.
medical waste to recycle. We ultimately hope There is so much more to be done, and we’re al-
this program will inspire other manufacturers— ways open to conversations with new feedstock
both in the medical space and beyond—to col- suppliers.
laborate with companies like Lewis Salvage and Source – Medical Plastics News
Brightmark, allowing us to continuously increase
SABIC opens multi- million-dollar
ULTEM™ resin manufacturing facility in Singapore to
meet growing demand in Asia-Pacific
ABIC, a global diversified chemicals com- support complex and demanding supply chain
pany, today announced the official launch requirements.
Sof its new US$170 (S$220) million UL-
TEM resin manufacturing facility in Singapore, Ms. Low Yen Ling, Senior Minister of State for
TM
marking the company’s first advanced specialty the Ministry of Trade and Industry (MTI) and Min-
chemical manufacturing facility in the region pro- istry of Culture, Community and Youth (MCCY)
ducing the high-performance thermoplastic, UL- said, “The opening of SABIC’s new facility un-
TEM resin. The new facility is a strategic move to derscores Singapore’s role as a gateway to Asia
support SABIC’s goal of increasing global ULTEM and a leading hub for the chemicals industry.”
specialty resin production by more than 50%, re- Eng. Abdulrahman Al-Fageeh, CEO, SABIC said,
sponding to the growing demand from high-tech “We’re excited to leverage SABIC’s advanced
and manufacturing industries in the Asia-Pacific manufacturing capabilities to produce one of the
region, including Japan and China.
world’s most advanced plastics in Singapore. The
The facility opening was officiated by Ms. Low ULTEM resin facility reflects our long-term com-
Yen Ling, Senior Minister of State for the Ministry mitment to the region’s high-tech economies
of Trade and Industry (MTI) and Ministry of Cul- and advanced manufacturing sectors, support-
ture, Community and Youth (MCCY), Eng. Khalid ing the growth of advanced applications. Singa-
H. Al-Dabbagh, Chairman of the Board of Direc- pore’s widely networked trade agreements also
tors of SABIC, Eng. Abdulrahman Al-Fageeh, provides us with competitive access to markets
SABIC Chief Executive Officer, and Mr. Omar Al- in the region.”
Harthi, Deputy Head of Mission, Embassy of the Lim Wey Len, Executive Vice President, Singa-
Kingdom of Saudi Arabia in Singapore.
pore Economic Development Board said, “The
Supported by the Singapore Economic Devel- opening of SABIC’s new ULTEM plant reflects its
opment Board (EDB), the new Singapore facility confidence in Singapore as a hub to capture the
reinforces SABIC’s commitment to localize a reli- growing demand for high-performance specialty
able supply of high performance materials that chemicals in Asia. We look forward to how the
November 2024 PLASTICS NEWS 31
