ExxonMobil Chemical to buy major plant in Singapore

ExxonMobil Chemical Co.’s Singapore affiliate will buy one of the world’s largest aromatics plants from Jurong Aromatics Corporation Pte Ltd.

The deal is expected to close in the second half of this year, according to a press release. Exxon did not disclose the purchase price, but media reports suggest it’s around $1.7 billion.

The plant is located on Jurong Island in Singapore, and its annual production capacity is 1.4 million tons. ExxonMobil’s largest integrated refining and petrochemical…

ExxonMobil Chemical to buy major plant in Singapore syndicated post

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