13 July, 2018
Exxon Mobil announced on Jun 20 that it started operations of two of new petrochemical plants in Singapore. One plant is EscorezTM hydrogenated hydrocarbon resins plant. This plant will be the world’s largest with a capacity of 90,000mt/year, and will meet long-term demand growth for hot-melt adhesives used in packaging or baby diapers. The other is the new 140,000mt/year butyl plant. This plant will produce premium halobutyl rubber used by manufacturers for tires that better maintain inflation to improve fuel economy. Exxon Mobil estimated if the total volume of premium halobutyl rubber made at this plant is used for tires, 38mil kl of auto fuel per year could be saved and emissions of carbon dioxide could be reduced by as much as 8mil mt/year.
Recently Exxon Mobil improved the production capacities of its petrochemical plants to increase the company's profitability and enhance its competitiveness in the Asian market where petrochemical demand is increasing sharply. Last year, Exxon Mobil Asia-Pacific, a subsidiary of Exxon Mobil, bought over Jurong Aromatics Corporation (JAC) and expanded its production capacity of aromatic products to over 350mil mt/year.