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Shale gas crackers will shake up industry: ExxonMobil chief

More competition seen for Singapore's petrochemicals industry

Published Thu, Jan 9, 2014 · 10:00 PM
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[SINGAPORE] The emergence of shale gas-advantaged petrochemical crackers in North America will see the global refining/

petrochemicals industry, including Singapore's, enter a period of competition "not seen for quite some time", warned ExxonMobil (EM) chairman and CEO Rex Tillerson.

"It's going to take a lot of hard work . . . no one is going to give you anything," he told The Business Times in an interview yesterday.

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