(updates with latest development)
SINGAPORE (ICIS)--A massive blaze that broke out at a Singapore storage tank, which traders said belongs to Jurong Aromatics Corp (JAC), is still ongoing late Wednesday afternoon, hours since it erupted.
The Singapore Civil Defence Force (SCDF) said that firefighters were deployed upon receiving a call about the fire at about 15:00 hours Singapore time (07:00 GMT) on Wednesday.
"We believe that the tank belongs to one of the petrochemical firms there but this has not been fully established,” an SCDF spokesperson told ICIS.
Several petrochemical firms have evacuated their offices located on Jurong Island following the blaze, industry sources said. It is not immediately clear what the impact the fire has on other production facilities at the petrochemical hub.
Several traders said that the fire at the tank will not have any impact on the market as JAC's production facilities are currently idle.
Debt-ridden JAC is currently under receivership and has stopped operating its $2.4bn condensate-based aromatics plant on Singapore’s Jurong Island.
JAC’s integrated complex at Jurong Island includes a condensate splitter and an aromatics complex that can produce 800,000 tonnes/year of paraxylene (PX) and 438,000 tonnes/year of benzene.
The company could not be reached for comment.
Pictures/video: Thick black smoke rising from the oil tank sources said belongs to Jurong Aromatics Corp (various sources)
Additional reporting by Daphne Ho, Trixie Yap, Yeow Pei Lin and Felicia Loo