Exxon Mobil set to proceed with multi-billion dollar petrochem project in Singapore

25-Jun-07
Exxon Mobil appears set to proceed with its multi-billion dollar petrochemical project in Singapore that could double its Singapore ethylene output to nearly 2 million tpa. Last July, Exxon appointed several firms to do front-end engineering and design (FEED), but has yet to announce a final investment decision. However, Foster Wheeler, charged with planning two units and associated infrastructure, has met potential sub-contractors and received initial cost estimates ahead of a staged bidding process to select sub-contractors to build an aromatics extraction unit and an oxo-alcohol plant. The project, due for completion in 3-4 years on Jurong Island, is expected to add a further 800,000 to 1 million tons of ethylene production capacity to its existing 900,000 tpa Singapore plant, Exxon's largest worldwide.
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