ExxonMobil: makes final decision to expand Singapore complex
(CercleFinance.com) - ExxonMobil said that it has made a final investment decision to expand a manufacturing complex in Singapore to convert fuel oil and other crude products into higher-value distillates.
The "multi-billion dollar" project is part of the company's plan to improve the facility's competitiveness, which includes the world's only steam cracker capable of cracking crude oil, it said.
The expansion will add the capacity to increase production of cleaner fuels with lower-sulfur content by 48,000 barrels per day, including high-quality marine fuels, Exxon said.
Engineering, procurement and construction work has begun, and a startup is expected in 2023, the US energy giant said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The "multi-billion dollar" project is part of the company's plan to improve the facility's competitiveness, which includes the world's only steam cracker capable of cracking crude oil, it said.
The expansion will add the capacity to increase production of cleaner fuels with lower-sulfur content by 48,000 barrels per day, including high-quality marine fuels, Exxon said.
Engineering, procurement and construction work has begun, and a startup is expected in 2023, the US energy giant said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.