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(Reuters) -- Exxon Mobil Corp will not
delay the start up of its new petrochemical plant in Singapore despite the glut
in ethylene supplies.
- We are into long-term investments. The petrochemical industry goes
through many cycles. We cannot predict the cycles", - ExxonMobil's senior vice
president Andrew Swiger told a news conference at the Asia Oil and Gas
Conference. - We will start our plant as scheduled.
The multibillion-dollar ethylene cracker on Singapore's Jurong Island has a
capacity of 1 million tonnes per year (tpy).
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