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ExxonMobil says completed acquisition of Singapore refining, petrochemical plant
Logos of ExxonMobil are seen in its booth at Gastech, the worldu00e2u20acu2122s biggest expo for the gas industry, in Chiba, Japan April 5, 2017. u00e2u20acu201d Reuters pic

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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