MOSCOW (MRC) -- ExxonMobil has officially opened its multi-billion dollar Singapore chemical plant expansion on Jurong Island, to serve growth markets in the Asia-Pacific region, reported the company on its site.
The expansion included a second 1-million-t/y steam cracker, two 650,000-t/y polyethylene plants, a 450,000-t/y polypropylene plant, a 300,000-t/y specialty elastomers unit, an aromatics extraction facility to produce 340,000 t/y of benzene, and a 125,000-t/y oxo-alcohol expansion.
As MRC informed earlier, ExxonMobil started operations at its new ethylene world-scale steam crackers in Singapore in early 2013.
Two-thirds of the 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," explained Rex W. Tillerson, chairman and chief executive of ExxonMobil.
ExxonMobil's Singapore chemical facility accounts for about 25% of the company's global chemical capacity, incorporates over 40 new technologies and is one of ExxonMobil's most energy efficient and flexible sites.
ExxonMobil has operated in Singapore for 120 years and is one of Singapore’s largest foreign manufacturing investors. The company has expanded refining and petrochemical production in Singapore to meet expected demand for transportation fuels and the chemicals used for plastics and other manufacturing across the Asia Pacific region.
ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.
MRC