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Lanxess reiterates concern about Singapore's energy costs

Hng Kiang: S'pore working with companies on energy efficiency projects

German firm opened a 200 million-euro neodymium butadiene rubber plant on Thursday. It says high energy costs here could be long-term Archilles heel for local petrochemical industry.


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.