Petrochemical Hub Singapore New Exxon Mobil Plant to be Build in Singapore
Exxon boosts its petrochemical hub Singapore: The company plans to expand the production capacity for halobutyl rubber and hydrogenated hydrocarbon resins by a total of 230,000 tons/year.
Singapore – Planning and engineering for the new sites has already begun, Exxon states. Groundbreaking is scheduled for late 2014 with a start of commercial operations during 2017. After completion, the company plans to produce up to 140,000 tons of halobutyl rubber for local tire producers per year.
The planned production plant for hydrocarbon resins is expected to be largest of its kind in all Asia with a capacity of up to 90,000 tons per year. Exxon Mobil believes that Singapore is perfectly positioned to profit from future regional growth: “We continue to invest in expanding capacity at our strategic hub in Singapore, which is an ideal location to efficiently serve the fast growing Asia Pacific market”, company president Steve Pryor explained.
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