ExxonMobil Chemical eyes further growth opportunities in Asia
April 08, 2019 / icis
SINGAPORE (ICIS)--ExxonMobil Chemical will continue to study growth opportunities in Singapore and the rest of Asia to further enhance its product slate, its newly appointed president Karen McKee said. “We'll always look at opportunities in Singapore in line with the competitive advantages that we have here,” she told ICIS. The company officially opened on 5 April its 90,000 tonne/year resins plant as well as its 140,000 tonne/year butyl plant on Jurong Island in Singapore. The ability to directly crack crude oil at its Singapore site gives the company greater feedstock flexibility for the two new units. “So if you have an ethane cracker it almost only makes ethylene whereas if you take a heavier molecule then you start you get a broader array of chemicals out of that. So yes, we get more feed for these two new derivative investments by nature of having the capability to directly crack crude,” McKee said.