10 May 2017
ABOUT JURONG AROMATICS CORPORATION, JAC
CONTACT JAC
- Jurong Island Office:
- 23 Tembusu Road
- Singapore 627596
- Tel: +65 6697 5700
- Fax: +65 6468 3717
- email: corp-comms.res@jurongaromatics.com
DETAILS
announced today that its Singapore affiliate
has reached an agreement with
Jurong Aromatics Corporation Pte Ltd
to acquire its plant located on Jurong Island in Singapore.
The plant, one of the largest in the world
with an annual production capacity of 1.4 million tonnes,
presents operational and logistical synergies
for ExxonMobil’s
integrated refining and petrochemical complex nearby.
The company expects to complete
the transaction in the second half of 2017.
Singapore is home to ExxonMobil’s
largest integrated refining and petrochemical complex,
which has
* a crude oil processing capacity of 592,000 barrels per day
and includes
* two world-scale steam crackers.
Acquisition of the Jurong aromatics plant will increase
ExxonMobil’s Singapore aromatics production
to over 3.5 million tonnes per year,
of which 1.8 million tonnes is paraxylene.
ExxonMobil has operated in Singapore for more than 120 years
and is one of the country’s largest international manufacturing investors.
Singapore’s integrated petrochemical complex
can process a wide range of feedstocks,
from light gases to crude oil.
Later this year, the complex will begin
the phased start-up of new 230,000 tonne-per-year
specialty polymers facilities
that will produce
halobutyl rubber and performance resins
for adhesive applications.
Neil Chapman,
President of ExxonMobil Chemical Company
“Our growth in Singapore is driven by
the expected increase in global demand
for chemical products over the next decade
of nearly 45 percent, or about 4 percent per year,
which is a faster pace than
energy demand and economic growth,”
“Nearly three-quarters of the increased demand
is expected to be in Asia Pacific as a result of
its rising prosperity and a growing middle class.”
Matthew Aguiar,
Senior Vice President of basic chemicals,
intermediates and synthetics
for ExxonMobil Chemical Company
“As a leading global manufacturer of aromatics,
the addition of this aromatics plant
to our existing operations in Singapore
will help us better serve our customers
in key Asian growth markets,”
“We continue to make strategic investments
to ensure ExxonMobil is well positioned
to meet increasing global demand for chemical products.”
Contact:
Media Line, 832-625-4000
WWW.CHEMWINFO.COM BY KHUN PHICHAI
