ExxonMobil finishes purchase of aromatics plant in Singapore
ExxonMobil Chemical Company's Singapore affiliate has completed the acquisition of an aromatics facility on Jurong Island.
This acquisition was first announced in May.
Previously owned by Jurong Aromatics Corporation, the facility is situated near ExxonMobil’s integrated refining and petrochemical complex, which has an annual ethylene production capacity of 1.9 million tonnes and a crude oil processing capacity of 592,000bpd.
The purchase will bring operational and logistical synergies to the two sites and boost the Singapore unit's annual aromatics production to over 3.5 million tonnes, including 1.8 million tonnes of paraxylene, and add around 65,000bpd of transportation fuels capacity.
ExxonMobil Chemical Company basic chemicals, intermediates and synthetics senior vice-president Karen McKee said: "This strategic investment in our aromatics business in Singapore is a reflection of our ongoing commitment to meet the growing global demand for chemical products, particularly in Asia-Pacific."
ExxonMobil has been operating in Singapore for more than 120 years. The integrated petrochemical complex can process a wide range of feedstocks, from light gases to crude oil.
Later this year, the complex will begin the phased start-up of a new 230,000tpa specialty polymers facility that will manufacture halobutyl rubber and performance resins for adhesive applications.