Jurong Aromatics Corp to resume project in Singapore

Jurong Aromatics Corporation (JAC)’s US$2 bln petrochemical development projected, that had been deferred by two years is finally on its way to being constructed. Impacted by a dearth of project funding durng the global economic meltdown, JAC had put the project on hold. Construction on the project is scheduled to commence in March with oil major BP and other shareholders. The new shareholders have resulted in few changes in ownership of JAC. The project is scheduled for completion by mid 2013, and will have capacity to produce 1.5 mln tpa of petrochemicals, including 800,000 tons paraxylene, 200,000 tons orthoxylene and 450,000 tons of benzene.
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