ExxonMobil Chemical is increasing production of its high performance hydrocarbon fluids by approximately 10% 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,” explained 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.”
ExxonMobil Chemical’s portfolio of fluids includes ultra-low aromatic grades that deliver the highest performance standards while complying with stringent environmental and regulatory requirements.
“ExxonMobil’s specialty products, such as our Escaid™ fluids, improve performance and safety in extended-reach drilling and solvent extraction processes for mining applications,” added Declan Dixon, ExxonMobil fluids marketing manager. “Our Exxsol™ fluids, with extremely-low aromatic content and low odor, are effectively and efficiently replacing traditional industrial and consumer solvents.”
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 US$ 2 billion over the last ten years 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.
Adapted from press release by Katie Woodward
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/25092014/exxonmobil-expands-hydrocarbon-fluids-production-capacity-1304/