An energy services provider has called for the restart of plant operations at Jurong Aromatics Corporation (JAC).
The US$2.4 billion (S$3.2 billion) petrochemicals facility on Jurong Island has been put out of action since last December, owing to unfavourable market conditions. Prices for aromatics, which closely track that of crude oil, were down last year, in line with plunging oil prices and oversupply in the market.
Jurong Energy Investment Corporation (JEI) told The Straits Times it has submitted a proposal to JAC to fire up the condensate splitter and the aromatics complex again.
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Source: The Straits Times