Exxon Mobil Corp will not delay the start up of its new petrochemical plant in Singapore despite the glut in ethylene supplies. "We are into long-term investments. The petrochemical industry goes through many cycles. We cannot predict the cycles, ExxonMobil's senior vice president Andrew Swiger told a news conference at the Asia Oil and Gas Conference."
The multibillion-dollar 1 mln tpa ethylene cracker on Singapore's Jurong Island will start our plant as scheduled. Mechanical completion and start-up activities of the new facilities will be in phases beginning late 2010 through 2011.