Mar 28, 2024 7:06 p.m.

ExxonMobil to shut part of Singapore complex due to unfavourable market factors

ExxonMobil to shut part of Singapore complex due to unfavourable market factors

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ExxonMobil is planning to shut part of its Singapore Chemical Plant in April due to unforeseen external market factors that significantly impact the company’s businesses, ExxonMobil said in an official statement to its customers. 

The company did not specify which units are affected by the shutdown, however, reassured buyers of a stable supply of performance polyethylene (metallocene grade). As such, it is assumed that the 650,000 tons/year metallocene PE (mPE) plant would continue to operate throughout April. 

Meanwhile, the old plant including the 480,000 tons/year PP line and the 600,000 tons/year LLDPE unit would likely be affected, and so the 650,000 tons/year new LLDPE line.