SINGAPORE—ExxonMobil Corp. will build facilities to manufacture halobutyl rubber and hydrogenated hydrocarbon resin at its expanded petrochemical complex in Singapore.
Financial details were not disclosed. ExxonMobil said the expansion will meet the long-term demand for growth for hot-melt adhesives.
The firm said it will add production capacity of 140,000 tons per year with 90,000 tons coming from hydrogenated hydrocarbon resin production.
“Our expanded steam-cracking capability at Singapore provides a platform for growth through a wide range of petrochemical building blocks that can be further upgraded to specialty products,” ExxonMobil President Steve Pryor said. “We continue to invest in expanding capacity at our strategic hub in Singapore, which is an ideal location to efficiently serve the fast growing Asia Pacific market.”
ExxonMobil is a petrochemical producer with manufacturing, technology and marketing operations around the world.