Exxon Mobil completes acquisition of Singapore petrochemical plant
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.