SINGAPORE: ExxonMobil breaks ground on butyl rubber and hydrocarbon resin plants -- K Trade Fair


SINGAPORE: ExxonMobil breaks ground on butyl rubber and hydrocarbon resin plants

Just 10 months after celebrating completion of the major petrochemical expansion in Singapore, ExxonMobil is now ready to construct new halobutyl rubber and hydrogenated hydrocarbon resin production facilities on the Jurong Island site. Work is expected to be completed in 2017 and will add about 140 new jobs to the existing workforce of more than 2,000 at the integrated manufacturing site.

"Our expanded steam cracking capability at Singapore provides a platform for growth through a wide range of petrochemical building blocks that can be further upgraded to specialty products, such as halobutyl rubber and adhesive resins,” said Neil Chapman, senior vice president, ExxonMobil Chemical Company.

At the ceremony Chapman added: "ExxonMobil's Singapore Chemical Plant is the optimal base for serving the fast growing market in Asia with advantaged feedstock, economies of scale, and excellent logistics.”

"This new plant is another example of ExxonMobil's commitment to building on its investments in Singapore for the future growth and competitiveness of our business here,” said Mr Gan Seow Kee, chairman and managing director, ExxonMobil Asia Pacific Pte Ltd. "Our decision to expand our operations here is further proof that we recognize Singapore's long-term importance to global trade and economic growth.”

"We are proud to host yet another world scale manufacturing facility from ExxonMobil in Singapore, which will cater to growing demand for sustainable products such as halobutyl rubber. This investment is a reflection of the long term partnership between ExxonMobil and Singapore, and we will continue to deepen our collaboration to capture new growth opportunities in this region.” said Mr Lim Kok Kiang, Assistant Managing Director, Singapore Economic Development Board.

The company is a major supplier of halobutyl rubber to the global tire industry, and this expansion project will add production capacity of 140,000 tons per year. The hydrogenated hydrocarbon resin production unit will be the world's largest, with a capacity of 90,000 tons per year, to meet long-term demand growth for hot-melt adhesives.

ExxonMobil has operated in Singapore for over 120 years and is one of the country's largest foreign manufacturing investors.

Source: ExxonMobil Chemical website, 21 Oct 2014
(Syed Rashid Ali, Karachi, Pakistan)