Friday, December 03, 2010

Jurong Aromatics to borrow US$1.56 bln to fund construction of petrochemicals project

Singapore's Jurong Aromatics Corp. is to borrow US$1.56 bln in loans to help fund construction of a US$2.4 bln petrochemicals plant on Jurong Island, expected to start operations in 2014. The project is owned by South Korea's SK Group, China's polyester-maker Jiangsu Sanfangxiang Group Co.

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