March 5 ExxonMobil Chemical said it will build
facilities to make premium halobutyl rubber and Escorez
hydrogenated hydrocarbon resin at its recently expanded
petrochemical complex in Singapore.
Engineering and procurement activities have begun, with
construction expected to begin in the second half of 2014 and
completion anticipated in 2017, the company said.
ExxonMobil supplies halobutyl rubber to the global tire
industry. This expansion project will add production capacity of
140,000 tons per year.
"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,"
said Steve Pryor, president of ExxonMobil Chemical.
Hydrogenated tackifier demand is expected to double over the
next 15 years. Much of the growth is anticipated in Asia, where
packaging, woodworking and nonwovens manufacturers increasingly
use hot melt adhesives, the company said.
The number of cars and light trucks globally is expected to
double to 1.7 billion vehicles by 2040, supporting much of the
growth expected for halobutyl rubber, according to ExxonMobil's