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ExxonMobil to Acquire Jurong Aromatics in $1.78 Billion Deal

The Investor, March 27, 2017

ExxonMobil has reportedly outbid South Korea's Lotte Chemical and Hanwha Total to acquire Singapore-based Jurong Aromatics Corp. (JAC) for $1.78 billion.  JAC is currently Singapore’s largest greenfield aromatics facility, comprising a condensate splitter and aromatics complex, including associated facilities. The petrochemical plant is one of the largest integrated aromatics plants in the world, and is designed to process 4.5 million tonnes of condensate feedstock per year. ExxonMobil’s acquisition is expected to be finalized in the first half of 2017 and it will be for the JAC’s assets, not its management rights.

 

Click here to read the full article from The Investor.


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