ExxonMobil cuts cracker costs with its new S'pore technology
It is the world's first plant that can convert crude oil directly to chemicals
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[SINGAPORE] ExxonMobil's new Singapore petrochemical cracker is the US oil giant's first, and also the first-ever in the world, to be able to process and convert crude oil directly into chemicals.
This makes the plant, "which can process an unprecedented range of feedstocks", much more cost-competitive than many rival Asian petrochemical complexes which rely on mainly naphtha feedstock.
Disclosing this at a chemicals conference in Dubai this week, ExxonMobil Chemical's president Steve Pryor cited Singapore as an example of how the group continues to develop new technologies to raise the bar on feedstock flexibility and hence maintain its competitive edge.
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