Rescue package tabled for S$3.2b Jurong petrochem plant
Jurong Energy Investment, Trafigura propose to restart JAC's facility in two months
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RESCUE operations could be underway to revive Jurong Aromatics Corporation's (JAC) S$3.2 billion petrochemical facility, which has been idling on Jurong Island for about seven months now.
Jurong Energy Investment Corporation (JEI) - a company jointly established by Arovin and Sheffold Investments, which have a combined 20 per cent stake in JAC - and commodities trading house Trafigura have issued JAC a proposal to restart its facility within the next two months.
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