According to company sources, ExxonMobil is in discussions with the receiver for Jurong Aromatics Corporation to acquire JAC's assets on Jurong Island, Singapore.
"While progress is being made, no agreement has been reached yet," revealed in its statement.
The complex, which comprises of around a 100,000 b/d condensate splitter, also has capacity to produce 783,000 mt/year of jet fuel, 647,000 mt/year of light naphtha, 662,000 mt/year of gasoil, 283,000 mt/year of LPG, 35,000 mt/year of fuel oil, 46,000 mt/year of hydrogen and 18,000 mt/year of heavy aromatics, as well as petrochemical products including 800,000 mt/year of paraxylene, 400,000 mt/year of benzene and 200,000 mt/year of orthoxylene.
ExxonMobil already operates a refinery and petrochemical complex in Singapore.
"We regularly evaluate our global portfolio of businesses and opportunities for growth, restructuring or divestment depending on fit with strategic business objectives," the company said in a statement.
