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Exxon Mobil petrochemical plant launch delay canceled

June 07/2010

(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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Exxon Mobil petrochemical plant launch delay canceled

 

 

 

 

 

 

 

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