Exxon Mobil breaks ground on second world-scale project in Singapore

Singapore – ExxonMobil Chemical Company has broken ground on its second world-scale petrochemical project in Singapore. “This project will add to ExxonMobil Chemical’s global supply capability and, in particular, serve the growing markets in Asia,” said Michael J. Dolan, president, ExxonMobil Chemical Company. “The project also signifies our commitment to and confidence in Singapore as a desirable place to grow our business.” When the project is completed, ExxonMobil’s largest owned and operated petrochemical complex and the Corporation’s largest integrated chemical and refining site will be located in Singapore. Project start-up is expected in early 2011. The project will result in approximately 400 new plant and business positions in Singapore and construction activity will require up to 10,000 people at its peak. The project will employ ExxonMobil’s latest proprietary technologies and will produce a range of high value products to meet growing demand. The technology to produce high value products, including Vistamaxx specialty elastomers and Exceed polyethylene will be used for the first time by ExxonMobil in Asia. At the beginning of September, ExxonMobil announced that it had completed its detailed study of a second petrochemical project in Singapore and made the final decision to proceed with construction.