Jurong Aromatics Corporation is one of the world’s largest integrated aromatics plants located on Jurong Island, Singapore. The state-of-the-art plant, with an investment value of US$2.4 billion, is also Singapore’s largest aromatics greenfield facility to date. An important asset in the nation’s petrochemical industry, the plant which began production in September 2014, produces 1.5 million tonnes of aromatics and 2.5 million tonnes of transportation fuels per annum.
Message from CEO
1 December 2014
Dear Colleagues and Friends,
It’s been a busy few months since my inaugural message was posted in May 2014. During this eventful period, we have met targets for a successful start up and have been delivering products to our customers.
We continue to maintain a good safety record at the site, clocking more than 33 million man hours without lost time incident as at August 2014. These are highly commendable efforts and validate our strong JAC team work.
They are significant moments for JAC and have been keenly anticipated ever since we broke ground three years ago. For us JAC staff, we experienced first-hand these milestones because we are the pioneering team, making us special in JAC’s journey. Here, I want to express my deep appreciation to all of you who worked hard and sacrificed precious personal and family time just so that we were able to achieve the production deadlines.
The achievements attest to the wholehearted support of our team, technical consultants, contractors, equipment suppliers, shareholders and lenders.
Our ability to successfully achieve a smooth project execution on Jurong Island is in no small measure due to the excellent support and infrastructure provided by the Singapore government and its agencies.
The JAC Complex is significant to Singapore. JAC’s presence increases Singapore’s production of specialty chemicals and transportation fuels by four million tonnes a year, reinforcing its reputation as a global chemicals hub.
Jurong Rock Caverns (JRC), where we store our condensate feedstock underground, was completed in good time, allowing us to be its first tenant earlier this year. By leasing JRC’s storage facilities, JAC is able to dovetail with Singapore’s policy to maximise land utilisation.
We are committed to be a cost effective producer in a safe, reliable and environmentally sound facility.
We are excited with what the future holds for us, and will work hard to become the Most Admired Aromatics Company in Asia Pacific.
Thank you.Yours faithfully
Dr Dai Yu
Jurong Aromatics Corporation (JAC) is currently Singapore’s largest greenfield aromatics facility, comprising a condensate splitter and aromatics complex, including associated facilities. It is located on a 58-hectare site on Jurong Island, Singapore. With an investment value of US$2.4 billion, the petrochemical plant is one of the largest integrated aromatics plants in the world, and is designed to process 4.5 million tonnes of condensate feedstock per annum.
JAC’s aromatics complex utilises state-of-the-art technology and comprises a 100,000 barrel per day (bpd) condensate splitter which “splits” the condensate into aromatics and transportation fuels.
Our main value driver is the production of aromatics – paraxylene, benzene and orthoxylene. Our aromatics complex has an annual production capacity of 1.5 million tonnes of aromatics – 800,000 tonnes of paraxylene, 438,000 tonnes of benzene and 200,000 tonnes of orthoxylene. These aromatics have a wide range of applications across myriad industries which include textiles and clothing, construction, tyres, sports equipment and plastics.
Other high value products co-produced in the process include jet fuel, ultra-low sulphur diesel, light naphtha, LPG, hydrogen and fuel oil. A total of 2.5 million tonnes of petroleum products will be produced each year.
In all that we do, we are committed to maintaining the highest standards of business integrity and ethical behaviour. Our business principles and ethical policies reflect important values like honesty, integrity, and respect for people and the environment, which we vigorously uphold at all times.
JAC is unique as it has a diversified group of eight shareholders, made up of international feedstock suppliers, petrochemical products offtakers, trade and financial investors, as well as the Singapore Government. The shareholders are SK Group, Jiangsu Sanfangxiang Group, Arovin of Vinmar Group, Glencore, Shefford Investments, UVM, EDB Investments and Essar Group.
The Singapore Government’s support for the chemicals and refining industries has strongly positioned the nation as one of the global hubs for the manufacture, supply and distribution of petroleum and petrochemical products. Leveraging the prime location of Jurong Island enables us to maximise the value of production through downstream integration and also have easy access to markets. There are only a few alternative locations which can match the logistical synergies that Singapore offers.
Since inception, we have been seeking a long term, contract-based diversified market strategy so as to enhance JAC’s commercial stability. Our portfolio of suppliers and customers are reputable industry players with established track records.
All of JAC’s supply and offtake volumes have been contracted on long-term agreements, thereby ensuring the company’s long-term viability.
First shipment of product
Achievement of full on-specification for all products
Plant started up
Arrival of first sour naphtha cargo at JAC jetty
First condensate shipment pumped into Jurong Rock Caverns
Achieved safety record of 30 million hours without lost time incident
Attained mechanical completion for process facilities ahead of schedule
Completed parex chamber internal loading
Achieved safety record of 20 million hours without lost time incident
Commencement of utilities
Achieved safety record of 15 million hours without lost time incident
Achieved safety record of 10 million hours without lost time incident
Installed 108m tall xylene splitter weighing 1,150 tonnes, the tallest structure in Singapore’s petrochemical industry
Installed CCR reactor
First batch of operations staff hired
Conferred financial industry award from IFLR
Conferred 5 financial industry awards from:
– Project Finance International
– Project Finance
– Infrastructure Journal
– Trade Finance
– Asian MENA Counsel
Established JAC Corporate Office
Secured US$1.8 billion project financing
Chief Operating Officer
Mr Jun Je-Jin became Chief Operating Officer of Jurong Aromatics Corporation in September 2014. He brings with him a career deeply immersed in the petrochemical industry, having spent 26 years with SK Group.
During his national service, Mr Jun served with the US Army, based in South Korea, as part of the Korean Augmentation to the United States Army. He holds a degree in chemical engineering from Korea University.
He has undertaken different roles at SK Group. Mr Jun started as a team member in the Marketing and Trading Department (1988 to 1995) where he traded aromatics and solvents. As part of his responsibilities, he administered logistics such as terminal storage facilities and the management of tanker and vehicular fleets.
He next spent close to 10 years in the Planning, Strategy and Business Development Department (1995 to 2004) during which he was closely involved in Mergers and Acquisitions, working with global players such as BASF of Germany and Enichem S.p.A. of Italy.
In 2005, Mr Jun was posted as Senior Manager to SK Group’s representative office in Dubai. Ahead of it, he spent a year studying Arabic at the Arabic Language Institute of the American University in Cairo, Egypt. He spearheaded SK Group’s petrochemical business in the Gulf Cooperation Council. Among his responsibilities was the development of business opportunities with key petrochemical producers in Iran, Kuwait, Qatar, United Arab Emirates, Oman and Saudi Arabia.
On Mr Jun’s relocation to South Korea in 2010, he worked in the Global Business Development Department, sourcing for suitable investment opportunities. Prior to joining JAC, he was Team Leader of Marketing and Trading Department (2012 to Sept 2014).
A South Korean, Mr Jun is fluent in English and conversational Arabic.
Chief Financial Officer
Mr Sean Sailes joined Jurong Aromatics Corporation as Chief Financial Officer in June 2011. His finance career spans over 30 years, the last 20 of which were in Asia. The roles ranged from corporates, industry and banking, with a strong focus on project, structured and corporate financial transactions. He also sat on Asian credit committees within banks and held Board of Director positions in corporations.
Mr Sailes honed his banking skills in London for more than a decade before relocating to Asia at the end of 1994.
Among his achievements were two banking start-ups which became profitable within a year of their establishment. This was between 2000 and 2009. He was Managing Director of Prebon Yamane Financial Services Pte Ltd, a wholly-owned subsidiary of the Prebon voice broking business; and Asia Principal Capital Limited, a Brunei-licensed corporate advisory and fund management business.
He also held an in-house position when he joined APRIL (Asia Pacific Resources International) Singapore, as Vice-President and Head of Corporate Finance & Treasury, 1999 to 2000. He successfully negotiated the restructuring of the US$1.5 billion debt that the US-listed company owed to more than 30 banks.
Mr Sailes, who holds British and Canadian citizenship, graduated from King’s College, Taunton in England.
Ill Jung (IJ) Kim
Chief Manufacturing Officer
Mr Kim Ill Jung joined Jurong Aromatics Corporation in 2012 as the Chief Manufacturing Officer. He oversees the operations and production of our plant.
With close to 30 years of hands-on experience, mostly gained at petrochemical plants owned by SK Group, Mr Kim is well-versed in the management of different types of petrochemical plants, project execution, engineering, technical service, operations, as well as health, safety and environment (HSE) management.
Mr Kim started his career in 1987 as a Project Engineer, and moved up the ranks progressively, often working in collaboration with contractors and process and technology licencees. He is highly familiar and is equipped with requisite knowledge in both new projects, and existing projects which require a revamp. Between 1987 and 2006, he held various roles, including petrochemical group leader to execute a reformer plant project, as well as revamp the new ethylene plant (NEP) owned by SK Group.
He comes with extensive relevant experience in the areas of total revamps and trouble-shooting of bottlenecks across different types of petrochemical plants, including aromatics, ethylene, paraxylene, polyethylene, polypropylene, and ethylene propylene diene monomer rubber. Mr Kim played a leading role and assumed overall responsibility in managing these projects from the feasibility study stage right through to the operational phase.
Mr Kim has also been involved in assignments which pertain to environment and safety. In 1996, he executed the feasibility study for ground flare installation to eliminate smoke emission and noise pollution at the new ethylene plant owned by the SK Group. Another assignment saw him conduct an improvement study for 11 flare stacks located at different SK plants. Between 2011 and 2012, he assumed the role of HSE manager for the olefin, aromatics and polymer plants in the Ulsan complex.
Mr Kim graduated from Hanyang University, South Korea, majoring in Chemical Engineering. A South Korean, he speaks Korean, English and Japanese.
Pwee Bun Min
Head of Human Resources
Mr Pwee Bun Min joined Jurong Aromatics Corporation at the end of 2011. He is instrumental in developing and driving the Human Resources (HR) strategy for JAC ahead of its start-up, as part of his HR responsibilities.
His HR career of close to 18 years has seen him work in different types of industries which has given him a rounded, ground-up exposure. His initial HR experience saw him do a short stint in the healthcare industry — at National University Hospital (S) Pte Ltd, and a listed company which is involved in turnkey engineering in the energy sector.
His other experiences included working at MNCs like telecommunications corporation Nokia Siemens Networks and Chevron Oronite.
The varied experiences add up to make him a versatile HR practitioner, with strong emphasis in HR operations, change management, continuous improvement, business partnering and talent acquisition.
A large part of his expertise was chalked up during an almost a decade-long career at Chevron Oronite from 1998 to 2007. Besides partnering the business heads, he was instrumental in driving recruitment and employee relations during the start-up of the company’s manufacturing facility on Jurong Island. Mr Pwee next moved to Nokia Siemens Networks (2007 to 2011), where he played a HR business partnering role in Asia Pacific at the global enabler of communications services. He subsequently took on the role of Head of HR Singapore, concurrent with the regional role.
Mr Pwee, who is a Singaporean, has a bachelor degree in business administration, majoring in Human Resources Management from the Royal Melbourne Institute of Technology.