07.06.2010 • Newsethylene crackerExxonMobilJurong Island

Exxon Singapore Petchem Plant on Track Despite Glut

Exxon Mobil will not delay the start up of its new petrochemical plant in Singapore despite the glut in ethylene supplies, a senior executive said on Monday.

"We are into long-term investments. The petrochemical industry goes through many cycles. We cannot predict the cycles, ExxonMobil's senior vice president Andrew Swiger told a news conference at the Asia Oil and Gas Conference. "We will start our plant as scheduled."

The multibillion-dollar ethylene cracker on Singapore's Jurong Island has a capacity of 1 million tons per year. Mechanical completion and start-up activities of the new facilities will be in phases beginning late 2010 through 2011, the company had said.

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