(L-R): Kwa Chong Seng, Chairman and Managing Director, ExxonMobil Asia Pacific Pte Ltd; S Iswaran, Minister of State for Trade and Industry; Michael J. Dolan, President, ExxonMobil Chemical Company; Lee Hsien Loong, Prime Minister of Singapore; Sherman J. Glass, Jr., Senior Vice President, ExxonMobil Chemical Company; Aw Kah Peng, Assistant Managing Director, Singapore Economic Development Board.
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Singapore's petrochemical industry received a great boost with ExxonMobil Chemical Company establishing its second world-scale petrochemical project on Jurong Island. "ExxonMobil's decision to embark on its second Singapore Chemical Plant reflects its confidence that Singapore will continue to provide a stable and conducive business environment over the long-term," says Lee Hsien Loong, Prime Minister of Singapore, who was the Guest-of-Honour at the groundbreaking ceremony.
"This project will add to ExxonMobil Chemical's global supply capability and, in particular, serve the growing markets in Asia," says Michael J. Dolan, President, ExxonMobil Chemical Company.
Project start-up is expected in early 2011. When completed, ExxonMobil's largest owned and operated petrochemical complex as well as its largest integrated chemical and refining site will be located in Singapore. Together with the company's existing Singapore Chemical Plant, ExxonMobil is expected to produce close to two million tonnes of ethylene per year - almost half of Singapore's total projected ethylene capacity.
The facility will employ ExxonMobil's latest proprietary technologies for the first time in Asia to produce a range of high value products to meet growing demand. These products include Vistamaxx™ specialty elastomers, which deliver true elastic performance in a polyolefin, with applications in a wide range of end uses including non-wovens and specialty films.
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