You are currently viewing: News



10-05-2017

ExxonMobil Chemical Company to buy plant from Jurong Aromatics Corporation

ExxonMobil Chemical Company announced today that its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation Pte Ltd to  acquire its plant located on Jurong Island in Singapore.
 
The plant, one of the largest in the world with an annual production capacity of 1.4 million tonnes, presents operational and logistical  synergies for ExxonMobil’s integrated refining and petrochemical complex nearby. The company expects to complete the transaction in the second  half of 2017.
 
“As a leading global manufacturer of aromatics, the addition of this aromatics plant to our existing operations in Singapore will help us better serve our customers in key Asian growth markets,” said Matthew Aguiar, senior vice president of basic chemicals, intermediates and synthetics for ExxonMobil Chemical Company. “We continue to make strategic investments to ensure ExxonMobil is well positioned to meet increasing global demand for chemical products.”
 
Singapore is home to ExxonMobil’s largest integrated refining and petrochemical complex, which has a crude oil processing capacity of 592,000 barrels per day and includes two world-scale steam crackers. Acquisition of the Jurong aromatics plant will increase ExxonMobil’s Singapore aromatics production to over 3.5 million tonnes per year, of which 1.8 million tonnes is paraxylene.
 
“Our growth in Singapore is driven by the expected increase in global demand for chemical products over the next decade of nearly 45 percent, or about 4 percent per year, which is a faster pace than energy demand and economic growth,” said Neil Chapman, president of ExxonMobil Chemical Company. “Nearly three-quarters of the increased demand is expected to be in Asia Pacific as a result of its rising prosperity and  a growing middle class.”
 
ExxonMobil has operated in Singapore for more than 120 years and is one of the country’s largest international manufacturing investors. Singapore’s integrated petrochemical complex can process a wide range of feedstocks, from light gases to crude oil. Later this year, the complex will begin the phased start-up of new 230,000 tonne-per-year specialty polymers facilities that will produce halobutyl rubber and performance resins for adhesive applications.

Sponsor : 

Other News Items

Formosa Plastics awards EPFC contract to Wison Engineering

Wison Engineering Services Co. Ltd, one of the leading chemical engineering, procurement and construction management service providers in China, announced that its non-wholly ...

24-07-2017

SNC-Lavalin awarded FEED conversion to EPC contract by Brahms Oil Refineries

SNC-Lavalin has been awarded a contract by Brahms Oil Refineries Limited to undertake a front-end engineering design (FEED) conversion to EPC contract for a 10,000 barrel ...

24-07-2017

Digital innovation themed at the Abu Dhabi International Downstream Summit

The downstream business is looking to further optimise processes with the aim of reducing downtime and increasing efficiency. Digitalisation is the key to unlocking hitherto ...

21-07-2017

LyondellBasell to build the world's largest PO/TBA plant in Texas

LyondellBasell, one of the world's largest plastics, chemicals and refining companies, today announced the final investment decision to build the world's largest propylene ...

21-07-2017

Liaoning Bora Petrochemical selects PP and HDPE Technologies from LyondellBasell

LyondellBasell today announced that Liaoning Bora Petrochemical Co., Ltd, has selected LyondellBasell’s world leading polypropylene (PP) and polyethylene (PE) technologies ...

20-07-2017

Praxair starts up new air separation plant in East China petrochemical park

Praxair Inc, announced it has started up its new air separation plant for Nanjing Jinling Huntsman New Materials Co., Ltd., a joint venture between SINOPEC Jinling and ...

20-07-2017

OMV Petrom starts construction of new Polyfuel unit at Petrobrazi Refinery

OMV Petrom, the largest oil and gas producer in Southeastern Europe, has started construction of the new Polyfuel unit in Petrobrazi Refinery. The new unit will allow ...

19-07-2017

Chevron awards main contractor framework agreement to Audubon Engineering

Audubon Engineering Solutions, a global provider of engineering, procurement, and construction (EPC) services for the oil & gas, petrochemical, refining, and pipeline ...

19-07-2017

Clariant Catalysts expands in China with opening of new office in Yinchuan

Clariant, a world leading company in specialty chemicals, today announced the opening of a new office for its Catalysts business in Yinchuan city, capital of the Ningxia ...

18-07-2017

BCCK Holding Company enters into EPC contract with Blue Mountain Midstream

BCCK Holding Company, a leader in engineering, procurement, fabrication and field construction services, has entered into an engineering, procurement and construction ...

18-07-2017