NEW YORK (AP) — Exxon Mobil Corp.'s chemical division ExxonMobil Chemical Co. said it will build a second petrochemical complex in Singapore, expected to start up in early 2011.
The company said late Tuesday the project will include an ethylene ''steam cracker'' with the capacity to produce one million tons per year, two 650,000 tons-per-year polyethylene units, a 450,000 tons-per-year polypropylene unit, a 300,000 tons-per-year specialty elastomers unit, and several other chemical production units. A 220-megawatt power cogeneration unit will also be built.
Steam cracking is a process by which complex chemical compounds are broken down into simpler molecules.
Contractors named for the project include Baton Rouge, La.-based engineering and construction company The Shaw Group, French industrial machinery manufacturer Heurtey Petrochem, and Japanese manufacturers Mitsui Engineering and Shipbuilding Co. and Mitsubishi Heavy Industries Ltd.
The project will be located at and integrated with ExxonMobil's existing Singapore site.
Shares fell 43 cents to $86.80 in premarket electronic trading.