EXXONMOBIL has announced that it is investing in an expansion project for its Singapore refining and petrochemical complex to increase yields of higher-value products.
The Singapore Integrated Complex converts fuel oil and other crude products into higher-value lube base stocks and distillates. The facility currently houses the world’s only steam cracker capable of cracking crude oil. The multi-billion dollar expansion project aims to enhance the competitiveness of the Singapore facility and increase downstream and chemical earnings potential. It will add 20,000 bbl/d to ExxonMobil’s base stock capacity and will also increase the production of cleaner, lower-sulfur fuels by 48,000 bbl/d.
“The project also applies new chemicals technologies and leverages integration across the crude cracker and refining complex to further enhance the competitiveness of crude cracking,” said Karen McKee, President of ExxonMobil Chemical Company.
“The demand for high-quality fuels and lubricants will increase as the global economy expands,” said Bryan Milton, President of ExxonMobil Fuels & Lubricants Company. “By using a combination of proprietary catalyst and process technologies, we will increase the site’s competitiveness and help meet growing demand for high-performance lubricants and cleaner fuels.”
Construction is set to begin in the second half of 2019, with start-up expected in 2023.
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