Mobil's petrochem project

Mobil's petrochem project

SINGAPORE (DPA): Mobil appears poised to go ahead with plans to build a multi-billion dollar petrochemical complex in Singapore, a news report in the island republic said yesterday.

Mobil's plans include a petrochemical cracker plant able to supply six to eight secondary or "downstream" partners, the Business Times newspaper reported.

The plant is likely to join similar facilities being built by Exxon and the Petrochemical Corporation of Singapore on a group of islands off the Singapore coast, fitting in with the government's plans for a massive petroleum/petrochemical zone in the area.

The Mobil cracker is expected to have a capacity of some 800,000 to one million tons of ethylene and 300,000 tons of propylene per year, roughly equal to the capacity of the Exxon plant currently being built on a small island off Singapore's coast.