ExxonMobil Announces Expansion in Singapore
ExxonMobil recently announced it has expanded its Singapore chemical production facility.
“Global chemical demand will grow at a faster pace than GDP as people seek higher standards of living and purchase more household and packaged goods manufactured with chemical products,” Rex W. Tillerson, chairman and CEO. “Two-thirds of that growth in chemical demand will be here in the Asia-Pacific region. ExxonMobil’s expanded Singapore chemical plant is uniquely positioned to serve these growth markets—from China to the Indian subcontinent and beyond.”
The expansion project reportedly doubled the size of its finished product capacity in Singapore, making it the largest chemical expansion in the company’s history. The Singapore facility, which now accounts for about one-quarter of ExxonMobil’s global chemical capacity, incorporates more than 40 new proprietary technologies and is designed to be one of ExxonMobil’s most energy efficient and flexible sites. For example, a new steam cracker can reportedly process an unprecedented range of feedstock, from light gases to crude oil, to produce an expanded slate of premium and commodity petrochemicals.
For more information, visit www.exxonmobil.com.