Petrochemical Plant Projects Exxon Expands Petrochemicals Capacities in Antwerp and Singapore
Exxon Mobil has big plans for its petrochemicals business: The company plans to expand its sites in Singapore and Antwerp to meet the growing demand for specialty fluids. The additional capacities could already go on–stream within 2016.
Houston, Texas/USA – Exxon Mobil Chemical is increasing production of its high performance hydrocarbon fluids by about 10 percent through expansion projects at its Singapore and Antwerp facilities. The additional capacity, designed to meet rapidly expanding global demand for hydrocarbon fluids and extend the company’s worldwide supply capability, will begin producing by mid-2015 and be complete in 2016.
“The investments in new capacity at our Singapore and Antwerp facilities demonstrate Exxon Mobil’s commitment to meet evolving customer needs,” said Elissa Sterry, vice president of intermediates products, Exxon Mobil Chemical Company. “Our fluids are tailored to meet specific end-use requirements, providing customers with a competitive advantage. As a fully integrated company, access to our own feedstock reinforces supply security for our customers.”
Petrochemical Expansion Projects Underway
The expansion projects, which upgrade refining streams into specialty chemical products, are in progress and build on other recently announced large investment projects in the company’s Singapore and Antwerp facilities.
Singapore is Exxon Mobil’s largest integrated refining and chemical manufacturing site. The company has expanded production in Singapore to meet expected demand across the Asia Pacific region.
Exxon Mobil’s capacity expansion in Antwerp is among other investments totaling more than US $ 2 billion over the last decade at the facility. The expanded hydrocarbon fluids unit will further strengthen Exxon’s integrated downstream and chemical portfolio in northwest Europe to better compete in the global industry environment. Hydrocarbon fluids, including specialty brands and unique products tailored for specific applications.