WTI Crude •16 hours	45.53	-0.18	-0.39%
Brent Crude •13 hours	48.18	+0.38	+0.79%
Natural Gas •16 hours	2.843	-0.118	-3.99%
Mars US •16 hours	46.08	-0.18	-0.39%
Opec Basket •2 days	46.66	-0.25	-0.53%
Urals •10 days	39.60	+0.00	+0.00%
Louisiana Light •4 days	46.11	+1.80	+4.06%

	Louisiana Light • 4 days	46.11	+1.80	+4.06%
	Bonny Light • 1 day	48.22	+0.53	+1.11%
	Mexican Basket • 3 days	43.64	+0.99	+2.32%
	Natural Gas • 16 hours	2.843	-0.118	-3.99%
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Marine •1 day	47.35	-0.10	-0.21%
Murban •1 day	47.98	-0.07	-0.15%
Iran Heavy •1 day	45.81	+0.20	+0.44%
Basra Light •2 days	50.86	-0.04	-0.08%
Saharan Blend •1 day	47.58	+0.17	+0.36%
Bonny Light •1 day	48.22	+0.53	+1.11%

	Bonny Light • 1 day	48.22	+0.53	+1.11%
	Girassol • 1 day	49.62	+0.51	+1.04%
	Opec Basket • 2 days	46.66	-0.25	-0.53%
OPEC Members Monthly
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Canadian Crude Index •5 days	33.04	-0.24	-0.72%
Western Canadian Select •22 hours	35.21	+0.80	+2.32%
Canadian Condensate •1 day	44.71	+0.80	+1.82%
Premium Synthetic •1 day	46.11	+0.80	+1.77%
Sweet Crude •22 hours	40.46	+0.80	+2.02%
Peace Sour •22 hours	38.71	+0.80	+2.11%

	Peace Sour • 22 hours	38.71	+0.80	+2.11%
	Light Sour Blend • 22 hours	40.71	+0.80	+2.00%
	Syncrude Sweet Premium • 22 hours	41.31	+0.80	+1.97%
	Central Alberta • 22 hours	38.71	+0.80	+2.11%
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Louisiana Light •4 days	46.11	+1.80	+4.06%
Domestic Swt. @ Cushing •1 day	42.00	+0.00	+0.00%
Giddings •1 day	35.75	+0.00	+0.00%
ANS West Coast •4 days	47.02	+1.74	+3.84%
West Texas Sour •1 day	39.48	-0.18	-0.45%
Eagle Ford •1 day	43.43	-0.18	-0.41%

	Eagle Ford • 1 day	43.43	-0.18	-0.41%
	Oklahoma Sweet • 1 day	42.00	+0.00	+0.00%
	Kansas Common • 3 days	36.00	+0.75	+2.13%
	Buena Vista • 2 days	49.45	+0.00	+0.00%
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Charles Kennedy

Charles is a writer for Oilprice.com

More Info

SK Global Chemical Co. Building Petrochemical Plant in Singapore

By Charles Kennedy - Aug 27, 2011, 8:12 AM CDT

South Korean chemicals maker SK Global Chemical Co. is to begin construction of a $2.4 billion petrochemical plant on Singapore's Jurong Island.

The new facility is intended to serve as SK Global Chemical Co.â€™s production base in Southeast Asia as well as Chinaâ€™s booming market for refined petrochemical products.

SK Global Chemical said that the new petrochemical plant will produce 4 million tons of petrochemicals per year, with 2.6 million tons of output consisting of refined oil products including civilian Jet A-1 aircraft jet fuel and liquefied petroleum gas, with the remaining production of 1.4 million tons including chemicals such as paraxylene and benzene, South Koreaâ€™s Yonhap news agency reported.

The facility is schedule to come online in late 2014, according to SK Global Chemical.

SK Global Chemical partnered with SK Gas and SK Engineering and Construction Co. to establish the joint venture to construct the Jurong Island facility and holds a 30 percent share in Jurong Aromatics Corp. Pte. (JAC), overseeing the project.

SK Engineering and Construction Co. also signed a $950 million contract with JAC to build the Jurong Island complex as well as agreeing with JAC to transfer the relevant technology to operate the facility.

By. Charles Kennedy, Deputy Editor OilPrice.com

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