The investments, according to the company, are aimed at increasing global competitiveness and sustainability, and should create as many as 200 temporary construction jobs.
The first involves the production of cogeneration plant, which the company says will use natural gas to create steam for the site and reduce the facility's greenhouse gas intensity by as much as 40 percent.
The second investment is designed to streamline the efficiency of the chemical production process. Company officials say new technology will reduce energy intensity while promoting safety. It's expected to operate up to 30 percent more efficiently than technology currently in place.
“In a rapidly changing and increasingly competitive global market, our business strives to be innovative, efficient, and sustainable in everything that we do. We place a substantial amount of time and resources into creating world-class manufacturing operations that use state-of-the-art technology to deliver on our customer commitments. SABIC’s Innovative Plastics business continuously adapts and improves our business processes, and makes appropriate investments to ensure competitiveness over the long-term,” said Mike Walsh vice president of manufacturing for SABIC’s Innovative Plastics business. “These investments demonstrate the business’ commitment to being the preferred supplier of engineering thermoplastics, while continuing to pursue its ambitious sustainability objectives.”