ExxonMobil Chemical to expand global hydrocarbon fluids capacity by 250 Mtpy
HOUSTON -- ExxonMobil Chemical Company, a division of ExxonMobil Corporation, announced that it is expanding the capacity of its global hydrocarbon fluid assets by more than 250 Mtpy at its world-scale petrochemical sites in Antwerp, Belgium; Baytown, Texas; and Jurong Island, Singapore.
The capacity expansions will help the company produce higher volumes of its ExxsolTM series of differentiated fluids, as well as a broader portfolio of hydrocarbon fluids such as Isopar and Solvesso.
“As a leading global supplier of petrochemical products, ExxonMobil Chemical is committed to meeting the growing global demand for high-performance modern hydrocarbon fluids," said Prasanna Joshi, global fluids marketing manager at ExxonMobil Chemical Company. “We understand the strategic importance of developing differentiated products that both provide our customers with customized solutions to meet their application needs, as well as maximize shareholder value.”
The latest capacity expansions follow a series of investments made by ExxonMobil Chemical in Europe and Singapore over the past two years, including the startup of an Isopar production unit at its petrochemical complex in Fawley, UK. According to Joshi, more than 60% of the additional hydrocarbon fluid capacity is already online, with the remaining amount expected by early 2019.
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