Singapore's Jurong Aromatics Corp expects to start its new aromatics plant at Jurong island in August, a source close to the company said Thursday.
The schedule is slightly delayed from an earlier plan of H2 July.
The plant will have capacity to produce 800,000 mt/year of paraxylene, 400,000 mt/year of benzene and 200,000 mt/year of orthoxylene.
"The company is likely to start test run in August and may be able to produce on-spec cargoes within August," the source said.
BP has a $10 billion deal to supply JAC with condensate and offtake some of the new plant's production. Other companies with offtake deals include Vinmar, SK Energy, Glencore and Jiangsu Sanfangxiang.
JAC's shareholders are SK International Investment Singapore (30%), Sanhai (25%), Houston-based Arovin (10.5%), Glencore International (10%), Shefford Investments (9.5%), UVM Investment (5.1%), Singapore's EDB Investments (5%) and India-based Essar Projects (4.9%). (See)
