The Business Times
business-time-50
SGSME logo

Poised to ride the green wave in chemicals

google-preferred-sourceAdd BT as a preferred source
Renald Yeo

Renald Yeo

Published Wed, Aug 30, 2023 · 03:20 PM
    • Maha's managing director Chew Chin Seong aims for green and sustainable chemicals to account for 80 per cent of the company's revenue by 2025.
    • Maha's managing director Chew Chin Seong aims for green and sustainable chemicals to account for 80 per cent of the company's revenue by 2025. PHOTO: CHERYL ONG, BT

    EVEN as the global speciality chemicals industry struggles through a slowdown, distributor Maha is looking ahead to the upcoming green transition.

    The company is stocking up on green and sustainable chemicals, which managing director Chew Chin Seong hopes will comprise 80 per cent of Maha’s revenue by 2025, up from 55 per cent now.

    By Maha’s account, to be considered “green and sustainable”, a product must meet global standards for toxicity levels and be synthesised from renewable feedstock, among other criteria.

    Singapore SMEssustainabilityChemicals

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    GCash, owned by mobile payment firm Mynt, is now the Philippines' largest platform for cashless transactions. 

    Fintech titans GCash and Maya test IPO goals as Philippine market thins

    From left: Claressa Monteiro, The Business Times' head of audio and host of the "Lens on Singapore" podcast, with Dean Tong, head of group human resources at UOB, and Victor Chua, deputy chief executive officer of NUS-ISS.

    The biggest AI skill may not be technical

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More