M&A Deal Summary

ExxonMobil Chemical Co. Acquires Jurong Aromatics Pte - Jurong Island Plant

On May 10, 2017, ExxonMobil Chemical Co. acquired chemicals company Jurong Aromatics Pte - Jurong Island Plant from Jurong Aromatics Pte

Acquisition Highlights
  • This is ExxonMobil Chemical Co.’s 1st transaction in the Chemicals sector.
  • This is ExxonMobil Chemical Co.’s 1st transaction in Singapore.

M&A Deal Summary

Date 2017-05-10
Target Jurong Aromatics Pte - Jurong Island Plant
Sector Chemicals
Buyer(s) ExxonMobil Chemical Co.
Sellers(s) Jurong Aromatics Pte
Deal Type Divestiture

Target

Jurong Aromatics Pte - Jurong Island Plant

Singapore, Singapore
Jurong Aromatics Corporation Pte Ltd - Jurong Island Plant is one of the largest in the world with an annual production capacity of 1.4 million tonnes, presents operational and logistical synergies for ExxonMobil’s integrated refining and petrochemical complex nearby.

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Buyer(S) 1

Buyer

ExxonMobil Chemical Co.

Spring, Texas, United States

Category Company
Sector Chemicals
DESCRIPTION

ExxonMobil Chemical Company is one of the largest petrochemical companies worldwide. The company holds leadership positions in some of the largest-volume and highest-growth commodity petrochemical products in the world. ExxonMobil Chemical Company has manufacturing capacity in every major region of the world, serving large and growing markets. More than 90 percent of the Company’s chemical capacity is integrated with large refineries or natural gas processing plants.


DEAL STATS #
Overall 1 of 3
Sector: Chemicals M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-29 PT. Federal Karyatama

Tangerang, Indonesia

PT. Federal Karyatama is a manufacturer and marketer of motorcycle lubricants. the company nationwide distribution network supported by approximately 40 dealers, 3,200 Federal Oil Centers and more than 10,000 retailers throughout Indonesia.

Buy -

Seller(S) 1

SELLER

Jurong Aromatics Pte

Singapore, Singapore

Category Company
Sector Chemicals
DESCRIPTION

Jurong Aromatics Corporation (JAC) is currently Singapore’s largest greenfield aromatics facility, comprising a condensate splitter and aromatics complex, including associated facilities. It is located on a 58-hectare site on Jurong Island, Singapore. JAC’s aromatics complex utilises state-of-the-art technology and comprises a 100,000 barrel per day (bpd) condensate splitter which “splits” the condensate into aromatics and transportation fuels.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2017 M&A 1 of 1