ExxonMobil's petrochemical facility in Singapore nears completion

05/31/2011 | Wall Street Journal, The

ExxonMobil's petrochemical facility project in Singapore, one of the biggest in the company's history, is expected to ramp up the company's chemicals output by more than 11% once completed. ExxonMobil, with its plan to supply a foreseen long-term demand for diapers and car bumpers in Asia, is capitalizing on the growing chemicals business, analysts say. ExxonMobil's profit in the chemicals business in 2010 beat the company's investment return in oil and gas for the first time in 12 years.

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