12 November 2012

ExxonMobil's second S'pore petrochem complex back on track

Construction of ExxonMobil's second Singapore petrochemical complex costing some US$5 billion to US$6 billion - which was earlier delayed - is "doing well" and "coming right along", with mechanical completion of the main upstream cracker plant expected by next month, company officials said at the group's Q3 results earnings call on Thursday. Plagued by earlier construction issues which had set back its start-up by a year, the complex - Singapore's largest single manufacturing investment to date - is back on track to be fully operational early next year.

(The Business Times, 03 Nov 12)