Published on August 28, 2017
ExxonMobil has completed the acquisition of Jurong Aromatics, a refining and petrochemical plant in Singapore, that will meet fast-growing demand in Asia.
This acquisition will boost the US company's aromatics production in Singapore to more than 3.5 million tonnes per year, including 1.8 million tpy of paraxylene, a petrochemical used in the making of plastic bottles and synthetic fibre.
The acquisition of Jurong Aromatics will also add about 65,000 barrels per day of transportation fuels capacity to ExxonMobil's Singapore production, the company said.
