ExxonMobil is embarking on a multi-billion-dollar expansion of its Jurong Island refining and petrochemical complex in Singapore to increase its production capacity for higher-value products and cleaner fuels. According to the Straits Times, this investment which was first announced in April 2019, will create 135 new jobs.
ExxonMobil will use its exclusive technologies to upgrade fuel oil and other bottom-of-the-barrel products into higher-value lubricant base stocks and distillates. The facility will use efficient technologies to optimize overall energy use and limit emissions, including enhancing the recovery and compression of waste gases to reduce flaring. Waste heat will be recovered and used to generate steam to reduce electricity and fuel consumption.
In addition, ExxonMobil is in discussions with the Singapore government on potential decarbonization pathways, including opportunities to pilot novel carbon capture technologies in Singapore.
ExxonMobil is one of Singapore’s largest foreign manufacturing investors with over SGD 25 billion in fixed assets investments. The Singapore refining and petrochemical complex is ExxonMobil’s largest integrated manufacturing facility in the world, with a crude oil distillation capacity of 592,000 barrels per day and ethylene capacity of 1.9 million tons per year.
(Sources: The Straits Times; ExxonMobil)