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Stock Market & Financial Investment News

News Breaks
December 28, 2012
17:05 EDTXOMExxon Mobil commissions Singapore petrochemical plant expansion
ExxonMobil has commenced startup operations at one of the world's largest ethylene steam crackers, the centerpiece of the company's multi-billion dollar expansion project at its Singapore petrochemical complex. The expansion, powered by a new 220-megawatt cogeneration plant, adds 2.6M tonnes per year of new finished product capacity. The expansion will increase the chemical plant workforce by 50%, bringing total employment at ExxonMobil's Singapore integrated refining and chemical complex to 1,800. Operations at the plant mark the first production by ExxonMobil of its proprietary specialty elastomers and metallocene-based polyethylene in the Asia Pacific region.
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