ExxonMobil Chemical is increasing production of its high performance hydrocarbon fluids by about 10% 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 companyâs worldwide supply capability, will begin producing by mid-2015 and be complete in 2016.
âThe investments in new capacity at our Singapore and Antwerp facilities demonstrate ExxonMobilâs commitment to meet evolving customer needsâ?, said Elissa Sterry, vice president of intermediates products, ExxonMobil Chemical Company. âOur 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.â?
Photo courtesy of ExxonMobil
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 companyâs Singapore and Antwerp facilities. Singapore is ExxonMobilâs largest integrated refining and chemical manufacturing site. The company has expanded production in Singapore to meet expected demand across the Asia Pacific region. ExxonMobilâs capacity expansion in Antwerp is among other investments totalling more than USD 2B over the last decade at the facility. The expanded hydrocarbon fluids unit will further strengthen ExxonMobilâs integrated downstream and chemical portfolio in northwest Europe.
