Lanxess reiterates concern about Singapore's energy costs
Hng Kiang: S'pore working with companies on energy efficiency projects
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Singapore
ENERGY costs in Singapore could become the Achilles heel of the petrochemical industry here in the long term, the top honcho of a multinational chemical firm has warned, even as it opened a new plant that affirms its commitment to Singapore and Asia for the long haul.
"The situation, compared to 12 months ago, is better, but energy competitiveness in Singapore will be detrimental in the long term for the petrochemical industry here," said Lanxess chairman Matthias Zachert in an interview.
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