26 August 2010 04:00 [Source: ICIS news]
SINGAPORE (ICIS)--Singaporean conglomerate SembCorp Industries Ltd has agreed to supply utilities services to the planned aromatics project in Jurong Island over 20 years, the company said late on Wednesday.
The deal was signed with Jurong Aromatics Corp (JAC) on Wednesday for the supply of steam and other water and wastewater treatment services to the proposed 1.5m tonnes/year aromatics complex.
SembCorp said it would shell out $800m to build a multi-utilities facility and a new gas-fired combined-cycle gas turbine cogeneration plant near the aromatics plant site to provide the services to JAC. The facilities are due for completion in the third quarter of 2013.
JAC was aiming to start up the aromatics project in 2014 after some delays after it ran through some funding problems at the height of the credit crunch in late 2008. JAC hopes to raise the funds required to build to the project by the end of the year for construction to start in 2011.
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