Exxon to Permanently Shut One Steam Cracker in Singapore From March: Sources

Exxon to Permanently Shut One Steam Cracker in Singapore From March, Sources Say

Exxon to permanently shut one steam cracker in Singapore from March: Sources

SINGAPORE: ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore's Jurong Island from March, four sources familiar with the matter said, part of a global petrochemicals sector trend to reduce capacity amid industry losses.The shutdown of the plant, which opened in 2002,

ExxonMobil Prepares to Close Singapore Petrochemical Unit Permanently - What does this mean to investors?

In a stark illustration of the petrochemical industry’s deepening woes, ExxonMobil is set to permanently shutter one of its two steam crackers at its sprawling Jurong Island complex in Singapore. The decision, first reported by Reuters and echoed across global energy outlets, marks a pivotal moment for the U.S. energy giant and underscores the seismic shifts rippling through global markets due to China’s relentless overcapacity. As the sector gr…

ExxonMobil Begins Phase-Out Of 2002 Jurong Cracker Amid Industry Overcapacity

ExxonMobil Corporation has commenced the phased shutdown of its first steam cracker on Singapore’s Jurong Island as the global petrochemicals sector continues to face pressure from oversupply and weakening margins. The 2002 facility, which has operated for more than two decades, will begin winding down from March, with a full cessation expected by June, according […] The post ExxonMobil Begins Phase-Out of 2002 Jurong Cracker Amid Industry Overc…

ExxonMobil shuts Singapore cracker, signals deep distress in global petrochemicals sector

ExxonMobil is closing its Singapore cracker, citing industry losses and overcapacity, largely driven by China's expanding domestic production capabilities.

Exxon to permanently shut one steam cracker in Singapore from March, sources say - Regional Media News

By Trixie Yap SINGAPORE, Dec 4(Reuters) - ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore's Jurong Island from March, four sources familiar with the matter said, part of a global petrochemicals sector trend to reduce capacity amid industry losses. The shutdown of the plant, which opened in 2002, is expected to be complete by June, two of the sources said. The sources asked not to be identified because…