ExxonMobil acquires aromatics plant
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
ExxonMobil Chemical Co.’s Singapore affiliate has acquired one of the world’s largest aromatics facilities on Jurong Island in Singapore, which was previously owned by Jurong Aromatics Corp.
The facility is located near ExxonMobil’s largest integrated refining and petrochemical complex, which has an ethylene production capacity of 1.9 million tpy and a crude oil processing capacity of 592 000 bpd. The company believes that the acquisition will strengthen both sites with operational and logistical synergies. It will also increase its Singapore aromatics production to over 3.5 million tpy, including 1.8 million t of paraxylene, and add approximately 65 000 bpd of transportation fuels capacity.
Karen McKee, Senior Vice President of basic chemicals, intermediates and synthetics for ExxonMobil Chemical Co., 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 […] As a leading global manufacturer of aromatics, we are well positioned to serve our customers in these key markets.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/29082017/exxonmobil-acquires-aromatics-plant/
You might also like
Low US distillate consumption reflects slow economic activity and biofuel substitution
The EIA reports that US distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the US West Coast (PADD 5).