Singapore aromatics unit may restart by August

Singapore Aromatics Co. Pte. (SAC) recently mothballed a 3-year old Singapore aromatics plant, but the $1.1 billion (Sing.) venture could resume operations as early as next August, say analysts in the region.Late last year, ExxonMobil Corp. bought out its partners in the venture, BP Amoco Chemical Singapore Holding Co. and China American Singapore Co. Pte. Ltd. At that time, ExxonMobil confirmed it would temporarily idle the SAC plant until market conditions improved (OGJ, Dec. 20, 1999, p. 28).The shut-down-the first major closure of a chemical plant in Singapore-is considered unlikely to trigger other companies to take similar action or damage the city-state's ambitions to develop a...

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