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

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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