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ExxonMobil to expand specialty hydrocarbon fluid capacity
26
Sep '14
US-based petrochemical major, ExxonMobil Chemical said it is increasing production of its high performance hydrocarbon fluids, which are used in aromatics industry, by about 10 percent through expansion at its Singapore and Antwerp plants.

Exxon said, the additional capacity, designed to meet rapidly expanding global demand for hydrocarbon fluids and extend the company’s worldwide supply capability, will begin producing by mid-2015 and be complete in 2016.

ExxonMobil Chemical’s hydrocarbon fluids are specifically formulated for resource extraction, industrial processing and a wide range of consumer applications and its portfolio of fluids includes ultra-low aromatic grades that deliver the highest performance standards.

Hydrocarbon fluids, including specialty brands and unique products tailored for specific applications, are available in a variety of distillation ranges and evaporation rates. They are well suited as solvents, dispersants and carriers for many applications.

“The expansion projects, which upgrade refining streams into specialty chemical products, are in progress and build on other recently announced large investment projects in the company’s Singapore and Antwerp facilities”, the company added.

Singapore is ExxonMobil’s largest integrated refining and chemical manufacturing site. The company has expanded production in Singapore to meet expected demand across the Asia Pacific region.

ExxonMobil’s capacity expansion in Antwerp is among other investments totalling more than $2 billion over the last decade at the facility. The expanded hydrocarbon fluids unit will further strengthen ExxonMobil’s integrated downstream and chemical portfolio in Northwest Europe.

“The investments in new capacity at our Singapore and Antwerp facilities demonstrate ExxonMobil’s commitment to meet evolving customer needs,” said Elissa Sterry, VP of intermediates products, ExxonMobil Chemical.

“Our fluids are tailored to meet specific end-use requirements, providing customers with a competitive advantage. As a fully integrated company, access to our own feedstocks reinforces supply security for our customers”, she added. (AR)

Fibre2fashion News Desk - India

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