07-01-2014
ExxonMobil celebrates Singapore chemical plant expansion
ExxonMobil reinforced its long-term supply commitment to the fast-growing Asia-Pacific market today during an event celebrating the expansion ofits 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,” Rex W. Tillerson, ExxonMobil Corporation chairman and chief executive officer, said at the event.
“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.
Leo Yip, chairman of the Singapore Economic Development Board, said, “The official opening of ExxonMobil’s Singapore Chemical Plant Expansion enhances Singapore’s leadership position as Asia’s energy and chemicals hub. This latest investment – the single largest manufacturing investment in Singapore’s history – is testament to our ability to successfully attract and execute complex mega-projects. The expansion of ExxonMobil’s chemical plant will create meaningful and exciting career opportunities for Singaporeans and also enable Singapore to broaden our chemicals industry with higher-value downstream chemical facilities.”
Png Cheong Boon, CEO, JTC Corporation, said, “The opening of ExxonMobil’s chemical plant is a testimony of the excellent infrastructure on Jurong Island and the strong partnership with ExxonMobil. We remain committed to work with the industry to ensure that Jurong Island remains a key energy and chemical hub in the region.”
Tillerson said that Singapore’s leadership has built a nation that promotes openness, transparency and free trade that enable progress through the exchange of talent, goods, services and ideas.
ExxonMobil has operated in Singapore for 120 years and is one of the country’s largest foreign manufacturing investors. The company employs 2,000 people at its refining and chemical production complex in Singapore. ExxonMobil cogeneration facilities, with capacity of 360 megawatts, meet the steam and electricity needs of the manufacturing complex, resulting in lower operating costs and reduced greenhouse gas emissions.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Worley awarded Bayou Bend CCS carbon capture and storage facility contract
We’ve been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend ...
13-05-2024
-
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification ...
09-05-2024
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
BASF invests in capacity expansion of Basoflux® range of paraffin inhibitors
BASF plans to expand the global production capacity of its Basoflux® range of paraffin inhibitors at its site in Tarragona, Spain. This investment will enable BASF’s ...
07-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024
-
TotalEnergies and Sinopec strengthen cooperation
On the occasion of the state visit to France by the President of the People's Republic of China, TotalEnergies, represented by Patrick Pouyanné, Chairman and CEO, and ...
07-05-2024
-
IPP enters agreement to market ammonia, methanol and melamine plants in Ludwigshafen
BASF and International Process Plants (IPP), a global leader in the acquisition and sale of process plants and equipment, have entered an agreement to market ammonia, ...
06-05-2024