With construction expected to begin in the second half of 2014 and completion anticipated in 2017, engineering and procurement activities have begun, related o the project.
The hydrogenated hydrocarbon resin production unit, which will meet demand growth for hot-melt adhesives, is expected to produce around 90,000 tons per year, once operational.
The new another unit, which will supply halobutyl rubber to global tire industry, will add about production capacity of 140,000 tons per year, noted ExxonMobil.
ExxonMobil Chemical president Steve Pryor said the expanded steam cracking capability at Singapore provides a platform for growth through a wide range of petrochemical building blocks that can be further upgraded to specialty products.
"We continue to invest in expanding capacity at our strategic hub in Singapore, which is an ideal location to efficiently serve the fast growing Asia Pacific market," Pryor added.
Image: ExxonMobil Chemical will build facilities to manufacture halobutyl rubber and Escorez hydrogenated hydrocarbon resin. Photo: Courtesy of Business Wire.
