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Receivers for JAC mull over revival plan via third-party usage

Plant could start up again in March-April at the earliest, amid improved conditions, say analysts

Published Wed, Dec 23, 2015 · 09:50 PM
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Singapore

SECOND chances are found in a new year. And that is what 2016 could potentially hold for the troubled Jurong Aromatics Corporation (JAC) after the twists and turns of the past year - if current plans on the table come to fruition.

Three months after the operator of the US$2.4 billion aromatics plant on Jurong Island went into receivership, about four to five proposals are said to have been made to the company's receivers Borrelli Walsh.

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