Jurong Aromatics Corp (JAC) & BP on $10 Billion Petrochemical Deal

British Petroleum (BP) struck a deal with Jurong Aromatics Corp (JAC) worth $10 billion contract for the Jurong island facility with feedstock. Under the agreement, JAC will supply refined products to BP

BP will be supplying a large proportion of feedstock requirements to JAC for the $2bn world-scale petrochemical plant on Jurong island for the 2011 commencement. JAC will then supply refined products for consumption within BP’s own plants and key third parties around the world.

Typical paraxylene chemical structure, an aromatic.

The JAC facility is expected to have a capacity of around 1.5 million tonne per year of aromatics including paraxylene, orthoxylene, benzene and petroleum products.