Singapore – Nouryon, a global specialty chemicals leader, plans to build a new production facility to meet the increasing global demand for innovative and sustainable additives for the rapidly growing paints and coatings end-market and other high-growth end-markets. The new facility will be situated in Southeast Asia, and with a capacity of 15-20 kilotons, it will expand Nouryon’s Bermocoll® business, which supplies ethyl hydroxyethyl cellulose (EHEC) and other essential ingredients to multinational and regional customers.
Nouryon expects the final site selection to be made in the fourth quarter of this year, with construction beginning in late 2022. The start-up of the production facility is anticipated to be in mid-2024. The facility will expand Nouryon’s global capacity to produce EHEC, complementing the company’s existing plants in Ornskoldsvik, Sweden, and Ningbo, China.
“Nouryon is considering several locations in Southeast Asia for the new facility because the region is a key growth market of the global chemical industry and presents great business opportunities for our organisation,” said Sobers Sethi, Senior Vice President of Emerging Markets and China at Nouryon. “This facility will reflect our strategy of growing with our customers by providing innovative and sustainable technologies, while leveraging high-growth end-markets,” added Sobers.