Jurong Aromatics will change hands | Chemical & Engineering News
Volume 95 Issue 14 | p. 18 | Concentrates
Issue Date: April 3, 2017

Jurong Aromatics will change hands

Department: Business
Keywords: petrochemicals, Singapore, Jurong, ExxonMobil

Jurong Aromatics, a bankrupt aromatics producer in Singapore, is about to change hands. South Korea’s Lotte Chemical has disclosed that it is no longer considered a preferred bidder for the firm. Instead, ExxonMobil, which operates a large petrochemical facility in Singapore, will acquire Jurong, according to media reports. Neither the U.S. oil firm nor Jurong will confirm the reports. Jurong filed for bankruptcy in the fall of 2015.

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