Startup of Evolue™ Plant in Singapore
～ Expanding Asian Share of High-Performance Sealant Material by State-of-the-Art Production Facilities ～
Prime Polymer Co., Ltd.
Prime Polymer Co., Ltd. (President: Takeshi Kaide), a joint venture of Mitsui Chemicals, Inc. (65%) and Idemitsu Kosan Co., Ltd. (35%), announced the full-scale production startup for its metallocene-based polymer "Evolue™" at the new plant of its Singapore subsidiary, Prime Evolue Singapore Pte. Ltd. (President: Naoshi Hamada; “EVLS”), a joint venture of Prime Polymer (80%) and Mitsui & Co., Ltd. (20%).
|Product||Metallocene-based polymer " Evolue™ "|
|Location||Jurong, Republic of Singapore|
|Capacity||300,000 tons / annum|
|Technology||Cascade gas phase reactor system, using the metallocene catalyst licensed by Mitsui Chemicals, Inc.|
|Product Uses||High-performance sealants for food packaging, etc.|
Evolue™ boasts impressive strength, airtightness, and heat sealability, in addition to low odor and low fish-eye. Demand for this performance-driven sealant material used in liquid and powder packaging is expected to continue to rapidly grow in Asia. Together with the current Evolue™ plant at the Ichihara Works, the new plant will bring the Group’s annual production capacity to 550,000 tons.
This significant increase in production volume will solidify the Group’s position as the top provider in Asia, including Japan. The Group will continue to strengthen and expand its Evolue™ business while contributing to the development of Singapore's chemical industry full-scale local production efforts.
|Prime Evolue Singapore Pte. Ltd.|
|(1) Establishment: October 2012|
|(2) Capital: $115 million|
|(3) Ratio: Prime Polymer 80%, Mitsui & Co. 20%|
|(4) Business: Production and sales of metallocene-based polymer Evolue™|