ExxonMobil to build butyl rubber, hydrocarbon resin plants in Singapore
Engineering and procurement activities have already begun, with construction of the plants expected to begin in the second half of 2014 and completion anticipated in 2017.
ExxonMobil Chemical announced Thursday that it will build facilities
to manufacture premium
halobutyl rubber and Escorez
resin at its
Engineering and procurement activities have begun, with construction
expected to begin in
the second half of 2014 and completion anticipated in 2017.
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 tpy, according to ExxonMobil officials.
The hydrogenated hydrocarbon
resin production unit will
be the worlds largest, with a capacity of 90,000 tpy,
to meet long-term demand growth for hot-melt adhesives.
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, said
Steve Pryor, president of ExxonMobil Chemical. We
continue to invest in expanding capacity at our strategic hub
in Singapore, which is an ideal location to efficiently serve
the fast growing Asia Pacific market.