JAC targets Singapore aromatics project completion in Feb ‘14

14 December 2011 03:06  [Source: ICIS news]

SINGAPORE (ICIS)--Jurong Aromatics Corp (JAC) is hoping to complete construction of its about 4m tonne/year project in Singapore three months ahead of schedule on February 2014, to save on cost, company CEO Mehdi Adib said on Wednesday.

In an interview at the sidelines of the World Economic Outlook 2011 conference in Singapore, Adib said the project, which was started in May this year, is currently about 30% complete.

"The project is progressing and we hope to complete it slightly ahead of schedule," said Adib, adding that so far, the company is keeping within its budget.

After completing construction, it would take at least six months before it can start up, he said.

It is expected to produce 800,000 tonnes/year paraxylene (PX), 438,000 tonnes/year of benzene and 200,000 tonnes/year of orthoxylene (OX), as well as 2.5m tonnes/year of petroleum products.

The JAC executive said that the project would come on stream at a time when he expects recovery  in the petrochemical industry about three years from now.

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By: Pearl Bantillo
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