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ExxonMobil says completed acquisition of Singapore refining, petrochemical plant
Monday, 28 Aug 2017 11:18 AM MYT
SINGAPORE, Aug 28 — ExxonMobil said today it has 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 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, ExxonMobil said in a statement.
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. — Reuters
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