The US oil giant ExxonMobil started building its second petrochemical plant in Singapore on Tuesday
The US oil giant ExxonMobil started building its second petrochemical plant in Singapore on Tuesday.
The project is expected to come on-stream in early 2011.
The new plant is to produce 1 million ton-a-year of ethylene, and 450,000 ton-a-year of polypropylene, as well as 300,000 tons of specialty elastomers.
Singapore Prime Minister Lee Hsien Loong said at the ceremony that ExxonMobil's decision to embark on its second chemical plant here reflects its confidence that Singapore will continue to provide a stable and conducive business environment over the long-term.
He also pointed out that it will further boost to the city-state's position as a regional chemical industrial base for the world's leading players.
