Exxon Mobil Corporation (NYSE:XOM) Swells Chemical Production Capacitance In Singapore

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Dallas, Texas 01/13/2014 (FINANCIALSTRENDS) – Exxon Mobil Corporation (NYSE:XOM) strengthened its long-term supply promise to the fast-rising Asia-Pacific zone during an occasion celebrating the development of its Singapore chemical production plant.

During the event, Rex W Tillerson, Company’s chairman and chief executive officer stated, “Worldwide chemical demand will develop at a faster speed than gross domestic product as people search for higher criterions of living and buy additional household and packaged goods made with chemical items.”

The company’s expansion project doubled the size of its finished product capacitance in the Singaporean zone, making it the biggest chemical growth in the company’s record.

The Singapore chemical plant, which now makes around one-quarter of ExxonMobil’s worldwide chemical capacitance, incorporates over 40 novel proprietary technologies and is projected to be one of ExxonMobil’s most energy competent and supple sites.

Rex mentioned that the foundation for the progressions at the Singapore complex got established decades before and beefed up via the nation’s connections with and admiration for the individuals and country of Singapore.

He also said that the administration heads here wisely followed a stable plan course, which encouraged global investment, joint effort and superior technologies.

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The Ukraine is rolling out major natural gas extraction projects in the nation, as affiliations with top Western firms.

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