ExxonMobil Completes Purchase of Jurong Aromatics Facility

ExxonMobil’s Singapore affiliate has completed its acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore. The acquisition was first announced in May 2017.

The facility, previously owned by Jurong Aromatics Corporation, is located near ExxonMobil’s largest integrated refining and petrochemical complex, which has an ethylene production capacity of 1.9 million tons per year and a crude oil processing capacity of 592,000 barrels per day.

According to the company, the acquisition will strengthen both sites with operational and logistical synergies, as well as increase ExxonMobil’s Singapore aromatics production to over 3.5 million tons per year, including 1.8 million tons of paraxylene, and add approximately 65,000 barrels per day of transportation fuels capacity.

“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,” said Karen McKee, senior vice president of basic chemicals, intermediates and synthetics for ExxonMobil Chemical Company. “As a leading global manufacturer of aromatics, we are well positioned to serve our customers in these key markets.”