HOUSTON (Sept. 24, 2014) – ExxonMobil Chemical is increasing production of its high-performance hydrocarbon fluids by approximately 10 percent through expansion projects at its Singapore and Antwerp facilities. 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.
“The investments in new capacity at our Singapore and Antwerp facilities demonstrate ExxonMobil’s commitment to meet evolving customer needs,” said Elissa Sterry, vice president of intermediates products, ExxonMobil Chemical Company. “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.”
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.
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 totaling more than $2 billion during the last decade at the facility. The expanded hydrocarbon fluids unit will further strengthen ExxonMobil’s integrated downstream and chemical portfolio in northwest Europe to better compete in the global industry environment.
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.
ExxonMobil Chemical is a petrochemical company with manufacturing, technology and marketing operations around the world and a producer of hydrocarbon fluids specifically formulated for resource extraction, industrial processing and a wide range of consumer applications.