Published on June 2, 2017
Exxon Mobil has reached an agreement with Jurong Aromatics to puirchase its aromatic unit in Singapore which will boost its output and will cater the demands of Asian customers. The company expects to complete the transaction in the second half of 2017, boosting its aromatics production in Singapore to more than 3.5 million tonnes per year (tpy), including 1.8 million tpy of paraxylene, a raw material for textiles and bottles.
The plant will be integrated with Exxon Mobil's existing petroleum complex on Jurong Island, said Gan Seow Kee, chairman and managing director of ExxonMobil Asia Pacific Pvt Ltd.Singapore houses Exxon Mobil's largest refining-petrochemical complex with a crude oil processing capacity of 592,000 barrels per day and two steam crackers.
