Huntsman (HUN) to Open New Polyetheramines Plant in Singapore

May 31, 2007 8:59 AM EDT
Huntsman Corporation (NYSE: HUN) announced mechanical completion of its first Asia Pacific polyetheramines plant. With this announcement, Huntsman expects to introduce feedstock to the plant in mid-June and be in commercial operation by the third quarter.

Huntsman and its engineering contractor, Jacobs Engineering (NYSE: JEC), achieved mechanical completion of the 15,000 tonnes per annum JEFFAMINE polyetheramines plant, after an 800,000 man-hour construction process, without a single lost time incident. Huntsman's total investment in the project, located at Jurong Island, Singapore, is approximately US$40 million.

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