MOSCOW (MRC) -- ExxonMobil, the world's petrochemical major, is planning to shut part of its Singapore Chemical Plant in April due to unforeseen external market factors that significantly impact the company’s businesses, according to CommoPlast with reference to ExxonMobil's official statement to its customers.
The company did not specify which units are affected by the shutdown, however, reassured buyers of a stable supply of performance polyethylene (metallocene grade). As such, it is assumed that the 650,000 tons/year metallocene PE (mPE) plant would continue to operate throughout April.
Meanwhile, the old plant including the 480,000 tons/year PP line and the 600,000 tons/year LLDPE unit would likely be affected, and so the 650,000 tons/year new LLDPE line.
As MRC reported earlier, last month, ExxonMobil announced that construction of the new linear alpha olefins (LAO) manufacturing unit at its Baytown, Texas, integrated petrochemical complex is progressing and targeting commercial start up in mid-2023. When fully operational, the new facility will have the capacity to produce approximately 350,000 metric tons of LAO annually.
We remind that in February, 2022, ExxonMobil and SABIC successful started up Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas. The new facility will produce materials used in packaging, agricultural film, construction materials, clothing, and automotive coolants. The operation includes a 1.8 MM metric tpy ethane steam cracker, two polyethylene (PE) units capable of producing up to 1.3 MM metric tpy, and a monoethylene glycol (MEG) unit with a capacity of 1.1 MM metric tpy.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC''s ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas.shipments of PP random copolymers decreased significantly.
ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.