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July 29, 2022

Asia Pacific’s five largest chemical and pharmaceutical construction projects that commenced in Q2 2022

By Carmen

Here are Asia Pacific’s five largest chemical and pharmaceutical construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.

1. Tuas Biomedical Park New Vaccine Production Facility – $467m

The project involves the construction of a new vaccine production facilities at Tuas Biomedical Park in Singapore.

Construction work started in Q2 2022 and is expected to be completed in Q1 2026.

The main aim is to produce innovative vaccines on a massive scale for Asia and respond to future pandemic risks. Also, it creates a unique vaccine production center that produces three to four vaccines simultaneously in Singapore, pushing the boundaries of operations through cutting-edge manufacturing and digital technologies.

2. Yeosu Mononitrobenzene Manufacturing Plant – $375m

The project involves the construction of a Mononitrobenzene manufacturing plant with a production capacity of 300,000 tons per annum at Yeosu Industrial Complex, Jeollanam-do, South Korea.

Construction work commenced in Q2 2022 and is expected to finish in Q2 2024.

3. Yeosu Dilute Nitric Acid Manufacturing Plant – $135m

The project involves the construction of a dilute nitric acid manufacturing plant with a production capacity of 400,000 tons per annum at Yeosu Industrial Complex, Jeollanam-do, South Korea.

Construction work started in Q2 2022 and is forecast to complete in Q3 2022.

4. Kochi Integrated Fertilizer Complex – $34m

The project involves the construction of an integrated fertilizer complex with a production capacity of 1,650TPD NP in Kochi, Kerala, India.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.

The aim of the project is to improve the region’s dependence on the existing resources of fertilizer industries. It also aims to increase international fertilizer goods transportation.

5. Darong Import Facility – $33m

The project involves the construction of an import facilities in Darong, the Philippines.

Construction work started in Q2 2022 and is expected to be completed in Q3 2024.

The aim of the project is to provide a stable and undisrupted supply of energy in the region. The project will have a rated capacity of 67 million liters of petroleum products.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

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