Shell opened its $4b Shell Eastern Petrochemicals Complex in Singapore's Pulau Bukom and Jurong Island yesterday. The complex is Shell's largest investment in the petrochemical industry, and will be a good boost to the chemical industry in Singapore, which forms 33% of Singapore's total manufacturing output.
Shell's decision to develop its petrochemical operations in Singapore has encouraged other companies to come to Singapore. PM Lee Hsieng Long, the guest of honour at the complex's opening, said that Shell's newest investment was likely to "catalyse a new wave of high-value investments" from other chemical companies.
Source:Shell opens $4b chemical complex [Straits Times 5 May 2010]