ExxonMobil to Close Steam Cracker in Singapore by June

Researched by Industrial Info Resources (Sugar Land, Texas)--Southeast Asia's ethylene cracker plants are undergoing a major shift, with several plants either facing delayed start-up, extended shutdowns or closure.

The Philippines' JG Summit Petrochemical Complex was shut down indefinitely in January, and Exxon Mobil Corporation (Spring, Texas) expects the older steam cracker at its Singapore Chemical Plant (SCP) to shut down permanently by June 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Plant Database can read detailed profiles of the JG Summit and Singapore facilities.

ExxonMobil's older steam cracker, which has a 900,000-ton-per-year ethylene capacity, was built in 2002. Its second, 1.1 million-ton-per-year steam cracker will continue to operate alongside its refinery and downstream units.

The global petrochemical overcapacity crisis is seen as the primary reason for these closures. China's aggressive capacity expansions, including 60% of the world's new ethylene units and 70% of global new olefin and aromatics units, have led to a supply-and-demand imbalance that is altering the petrochemical landscape.

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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).