ExxonMobil reinforced its long-term supply commitment to the fast-growing Asia-Pacific market today during an event celebrating the expansion of 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,” said Rex W Tillerson, Chairman and CEO, Exxon Mobil Corporation, said at the event.
He added, “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.”
ExxonMobil’s expansion project doubled the size of its finished product capacity in Singapore, making it the largest chemical expansion in the company’s history.
The Singapore chemical 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 process an unprecedented range of feedstock, from light gases to crude oil, to produce an expanded slate of premium and commodity petrochemicals.
Tillerson noted that the foundation for the advancements at the Singapore complex were established decades ago and strengthened through the company’s relationships with and respect for the people and nation of Singapore. “Government leaders here wisely pursued a stable policy course that encouraged international investment, teamwork and advanced technologies,” Tillerson said.
He added, “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.”
ExxonMobil’s expansion project doubled the size of its finished product capacity in Singapore, making it the largest chemical expansion in the company’s history.
The Singapore chemical 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 process an unprecedented range of feedstock, from light gases to crude oil, to produce an expanded slate of premium and commodity petrochemicals.
Tillerson noted that the foundation for the advancements at the Singapore complex were established decades ago and strengthened through the company’s relationships with and respect for the people and nation of Singapore. “Government leaders here wisely pursued a stable policy course that encouraged international investment, teamwork and advanced technologies,” Tillerson said.