Jurong Aromatics delays project till 2013 on credit crunch

Guardian.co.uk, 22 May 2009, Reuters
SINGAPORE, May 22 (Reuters) - Jurong Aromatics Corp (JAC) has delayed the start-up of its $2.4 billion aromatics project in Singapore until early 2013 from 2011, as it struggles to obtain funding in the current credit crunch.
Jurong Aromatics had earlier hoped to secure financing for the project by end-June, but this will likely be completed only in the second half of the year, a company spokesman said.
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