Exxon Mo­bil com­pletes ac­qui­si­tion of Sin­ga­pore petro­chem­i­cal plant

Chemical Industry Digest - - News & Views -

ExxonMo­bil

com­pleted the ac­qui­si­tion of Jurong Aro­mat­ics, a re­fin­ing and petro­chem­i­cal plant in Sin­ga­pore, that will meet fast-grow­ing de­mand in Asia.

The ac­qui­si­tion will boost the U.S. com­pany’s aro­mat­ics pro­duc­tion in

Sin­ga­pore to more than 3.5 MMtpy, in­clud­ing 1.8 MMtpy of paraxy­lene, a petro­chem­i­cal used in the mak­ing of plas­tic bot­tles and syn­thetic fi­bre.

The ac­qui­si­tion of Jurong Aro­mat­ics will also add about 65 mbpd of trans­porta­tion fu­els ca­pac­ity to ExxonMo­bil’s Sin­ga­pore pro­duc­tion.

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