This Tuesday, the Japanese chemical company Nippon Shokubai announced it planned to invest 350 million euros to extend its production unit in Zwijndrecht, making it the firm’s second largest plant worldwide. This strategic investment aims to up the firm’s production capacity of superabsorbent polymer (SAP) from 60,000 to 160,000 tons per year. It is also destined to finance a brand new plant able to produce 100,000 tons of acrylic acid yearly. The new facilities should be operational in the second quarter 2018.
These plans will create 70 jobs to add to the current 95. Antwerp Port Authority welcomed Nippon Shokubai’s Tuesday announcement of its investment and plans for its Antwerp port site. “An investment like this will without a doubt highlight the huge intrinsic value of our petrochemical site,” said the company’s Chief Executive, Eddy Bruyninckx.