Home / Knowledge / News / Textiles / Feedstock flexibility helps ExxonMobil chemical business
Feedstock flexibility helps ExxonMobil chemical business
20
Nov '13
Innovation and integration resulting in greater feedstock flexibility have provided a significant competitive advantage for ExxonMobil’s chemical business, Steve Pryor, President of ExxonMobil Chemical Company, told attendees at the Gulf Petrochemicals and Chemicals Association 8th Annual Forum today.

Pryor noted that the feedstock landscape is always shifting, influenced by trends and innovations within the chemical industry, as well as in the upstream and refining sectors.

“As an integrated company, ExxonMobil is constantly moving feedstock across our upstream, downstream and chemical operations to generate the most value from each molecule,” said Pryor.

“For example, in Europe, our Rotterdam aromatics plant has been designed to receive feedstock from nine ExxonMobil refineries and chemical plants. Pooling feedstock supply, together with advanced technology, has enabled this plant to become the largest and one of the most profitable in the region.”

Pryor said feedstock flexibility remains a central element of ExxonMobil Chemical’s investment strategy.

“For example, in the U.S. Gulf Coast, we expanded our gas cracking capability while retaining our capacity to process refinery liquids,” Pryor said. ExxonMobil has also continued to develop new technologies that raise the bar on feedstock flexibility. “A case in point is the new steam cracker at our Singapore refining and petrochemical complex. This world-scale unit can process an unprecedented range of feedstocks, including crude oil.”

Converting crude directly into chemicals provides a cost advantage over naphtha feedstock, the industry standard in Asia, Pryor said. It also saves energy and reduces emissions by eliminating the refining steps required to produce naphtha.

“Crude cracking is a first for our company, a first for the world, and yet another step in our industry’s ongoing search for advantaged chemical feedstock,” he said. “For chemical companies to maintain a competitive advantage in this ever-changing environment, we must continuously innovate across the value chain -- from our raw materials to our finished products.”

ExxonMobil


Must ReadView All

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

JD.com to invest $3.1 bn to revive industry in NE China

Apparel/Garments | On 22nd Jan 2018

JD.com to invest $3.1 bn to revive industry in NE China

To back the government’s campaign to revitalize the traditional...

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search