chemicals-technology.com Island location near Singapore is close to Asian customers and has a deepwater port. chemicals-technology.com Facility will be sited on Jurong Island, already a major petrochemical complex in Singapore. On a 124-acre island site off the coast of Singpore, work has restarted on a $2.4-billion facility complex that could become one of the world's largest plants for producing aromatics, hydrocarbon products derived from crude oil.Originally set for completion this year, the Jurong Aromatics Complex (JAC) on Jurong Island has experienced setbacks caused by financial issues in the marketplace and among its investors, according to a published report. Singapore-based developer
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.