SembCorp scraps plans for natural gas liquid plant: Report
Tuesday, April 2 2002 - 01:54 PM WIB
SembCorp early last year said it was looking into various ways to increase gas use, including the construction of a S$150 million ($82 million) NGL plant for launch in late 2004 to serve specialty chemical firms on Singapore's Jurong Island.
"We've decided not to do it due to market conditions," Ng Lay San, a SembCorp spokeswoman was quoted as saying by Reuters.
The plant would have been fed by a 22-year supply contract SembCorp signed in 1999 with Indonesia to buy 325 million standard cubic feet per day of natural gas.
An NGL plant breaks natural gas down into various liquid hydrocarbons such as methane, propane and butane.
SembCorp is moving ahead with a pilot project to use compressed natural gas for public transportation in a bid to increase gas use. (*)