Singapore's Jurong Aromatics Corporation (JAC) was struck by a fire on Wednesday afternoon, according to eyewitness accounts.
A fire broke out at an oil tank in Singapore's Jurong Island at 1500 hrs SGT, on a facility at Tembusu Road, according to the Singapore Civil Defence Force.
A video sent by an eyewitness to Genscape showed that a storage tank in a Jurong Aromatics Corporation (JAC) facility was ablaze.
The damage caused by the blaze has not been determined. This fire is unlikely to affect JAC's production as the plant has been idled for over a year.
The JAC plant has been offline since December 2014, mainly due to unfavorable economics including a plunge in oil prices, and overcapacity issues for aromatics in the region.
JAC is able to process 100,000 b/day of condensate. It has a nominal capacity of 800,000 mt/year of paraxylene (PX), 438,000 mt/year of benzene and 200,000 mt/year of orthoxylene (OX). It can also produce 2.5 million mt/year of high-value oil products such as jet fuel, ultra-low sulfur diesel, naphtha, LPG and fuel oil, which are all meant for export.