ExxonMobil Announces New Projects to Expand Specialty Hydrocarbon Fluid Production
September 24 2014 - 7:45PM
Business Wire
- Singapore, Antwerp expansions will
increase supply of specialty fluids to meet growing demand
- Additional capacity to begin producing
by mid-2015
- Specialty fluids formulated for wide
range of consumer applications, offer outstanding performance
ExxonMobil Chemical is increasing production of its high
performance hydrocarbon fluids by about 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.”
ExxonMobil Chemical is the leading producer of hydrocarbon
fluids specifically formulated for resource extraction, industrial
processing and a wide range of consumer applications. The company’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,” said 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 $2 billion over 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.
The ExxonMobil Chemical portfolio of high-value hydrocarbon fluids
include the Exxsol™ D, Escaid™, Isopar™, Somentor™ and Solvesso™
brands.
About ExxonMobil Chemical
ExxonMobil Chemical is one of the world’s premier petrochemical
companies with manufacturing, technology, and marketing operations
around the world. The company delivers a broad portfolio of
products and solutions efficiently and responsibly, with a
commitment to create outstanding customer and shareholder value.
ExxonMobil Chemical endorses the principles of sustainable
development, including the need to balance economic growth, social
development and environmental considerations. To learn more, visit
www.exxonmobilchemical.com.
Note to Editors:
The terms, “we,” “our,” "ExxonMobil Chemical," or "ExxonMobil"
are used for convenience, and may include any one or more of
ExxonMobil Chemical Company, Exxon Mobil Corporation, or any
affiliates they directly or indirectly steward. The ExxonMobil
Logo, the Interlocking X Device, ExxonMobil, Exxsol, Somentor,
Escaid, Isopar and Solvesso are trademarks of ExxonMobil.
Cautionary Note: Statements of future events or
conditions in this release are forward-looking statements. Actual
future results, including project plans, capacities, timing, and
costs, could differ materially due to changes in market conditions
affecting the petrochemical industry in general and hydrocarbon
fluids in particular; actions of competitors; the outcome of
commercial negotiations; future global and regional economic growth
rates; unexpected technical difficulties; and other factors
discussed in Item 1A of ExxonMobil’s most recent Form 10-K and
under the heading “Factors Affecting Future Results” available
through the Investors page of our website at exxonmobil.com.
ExxonMobilUS Media Line: +1 281-870-6607orSingapore Contact: +65
6885 8275orEurope Contact: +44 1372 222 261
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