Oil majors continue to invest in S'pore plants
ExxonMobil starts building 84 MW cogeneration plant as Shell finishes upgrading ethylene cracker facility
Singapore
OIL majors are continuing with upgrading works for their assets in Singapore even as they cut back on investments elsewhere amid low oil prices.
ExxonMobil on Thursday said that it has started building a new cogeneration plant at its Pioneer Road refinery in Jurong. It will have a capacity of 84 MW, enough to power 150,000 four-room HDB flats.
The group already has two cogen plants supplying utilities to its integrated site - comprisin…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Even without war in the Gulf, pricier petrol is here to stay
Gold gains as Middle East tensions lift safe-haven appeal
‘No trade war’, says Biden, pushing to triple tariffs on Chinese steel
Oil falls over US$1 as demand worries outweigh Middle East supply risks
Liberalise South-east Asia’s energy sector to attract more private finance: BlackRock official
First Resources denies allegations of links to firms clearing forests in Indonesia