Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Lotte bids for Jurong Aromatics

by Jean-François Tremblay
January 30, 2017 | A version of this story appeared in Volume 95, Issue 5

Lotte Chemical, of South Korea, has put in a bid for Jurong Aromatics, a troubled Singapore-based petrochemical producer. In a statement, Lotte said it had sent a letter of intent to Jurong. Built at a cost of $2.4 billion, the aromatics complex features an 800,000-metric-ton-per-year p-xylene plant. The firm started production in August 2014 but went into receivership one year later because of operational problems, according to a law firm advising the receivers. Jurong is owned by a consortium that includes SK Energy, Jiangsu Sanfanxiang, Glencore, and the Singapore government.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.