ExxonMobil completes Singapore refining-petchem plant acquisition

SINGAPORE, Aug 28 (Reuters) - ExxonMobil said on Monday it has completed the acquisition of Jurong Aromatics, a refining and petrochemical plant in Singapore, that will meet fast-growing demand in Asia.

The acquisition will boost the U.S. company's aromatics production in Singapore to more than 3.5 MMtpy, including 1.8 MMtpy of paraxylene, a petrochemical used in the making of plastic bottles and synthetic fibre, ExxonMobil said in a statement.

The acquisition of Jurong Aromatics will also add about 65 Mbpd of transportation fuels capacity to ExxonMobil's Singapore production, the company said.

(Reporting by Florence Tan)