SINGAPORE—ExxonMobil Corp. is expected open its 230,000 metric ton per year speciality polymer facility in Singapore later this year.
The company said the new plant, on Jurong Island, will be producing halobutyl rubber and hydrogenated hydrocarbon resins for adhesive applications. The halobutyl rubber expansion project will add 140,000 tons per year of new production capacity, while the hydrocarbon resin production unit will be the world's largest such facility, with a capacity of 90,000 tons per year.
"We are now producing some of our most advanced plastics and elastomers in Asia. These high-performance products are in demand because they improve product performance and reduce energy and raw material use for our customers," ExxonMobil said in a statement.
The Singapore complex is well positioned to serve as a platform for "profitable growth" in Asia, accoring to the firm.
ExxonMobil started construction work on the project in October 2014, following its completion of a major petrochemical expansion in Singapore.