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ExxonMobil to finalize acquisition of Jurong Aromatics in H2

by ChemOrbis Editorial Team -
  • 11/05/2017 (12:07)
Market sources reported that ExxonMobil Chemical Company agreed with Jurong Aromatics Corporation Pte. Ltd. to acquire its aromatics plant on Jurong Islands.

The transaction is expected to be completed in the second half of 2017, sources said.

The company’s aromatics section has a production capacity of 800,000 tons/year of PX, 450,000 tons/year of benzene and 200,000 tons/year of orthoxylene. It can also produce 2.5 million tons/year of petroleum products including jet fuel and naphtha.
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