Exxon 2007 Annual Report Download - page 37

S E LEC T I VELY INVEST I N A DVA N TA GED P ROJEC T S
In 2007 we continued to progress plans to meet demand
growth in Asia, with final investment decisions for projects in
Singapore and Fujian, China.
Over the next 10 years, we expect about 60 percent of
the world’s petrochemical demand growth will occur in Asia,
with over one-third in China alone. Our investments in the
Middle East and Asia to meet this growth are based on
long-term competitive advantages, including integration
with other operations, advantaged feedstocks, and
market access.
China • Construction began on the integrated refining and
petrochemical facility located in Quanzhou, Fujian Province.
This project includes construction of an 800-thousand-tons-
per-year ethylene steam cracker and integrated polyethylene,
polypropylene, and paraxylene units. Start-up is scheduled
for 2009.
Singapore • In 2007 we made the decision to build a second
world-scale petrochemical project at our integrated refining
and chemical facility in Singapore. The project includes a
1-million-tons-per-year ethylene steam cracker and derivative
units. Project start-up is expected in early 2011.
Saudi Arabia • We are working with our partner, Saudi Basic
Industries Corporation (SABIC), to progress feasibility studies
at our petrochemical joint ventures, Kemya and Yanpet, to
supply synthetic rubber, thermoplastic specialty polymers, and
carbon black for emerging local and international markets.
Qatar • In cooperation with Qatar Petroleum, we continue
to progress studies for a petrochemical complex in Ras
Laffan Industrial City, Qatar, including a world-scale ethylene
steam cracker and associated derivative units. The complex
would utilize feedstock from gas development projects in
Qatar’s North Field and employ ExxonMobil’s proprietary
steam cracking furnace and polyethylene technologies.
APPR OVED MAJOR PRO J E C T S
Capacity(1)
(metric tons
Commodities Product per year)
2007 Antwerp, Belgium Polyethylene 27,000
Singapore Ethylene 75,000
2009 Fujian, China Ethylene 200,000
Paraxylene 175,000
Polyethylene 200,000
Polypropylene 100,000
Rotterdam, the Netherlands Benzene 20% increase
Paraxylene 25% increase
2011 Singapore Ethylene 1,000,000
Polyethylene 1,300,000
Polypropylene 450,000
Paraxylene 80,000
Benzene 340,000
Capacity(1)
(metric tons
Specialties Product per year)
2007 Antwerp, Belgium Hydrocarbon Fluids 50,000
Baton Rouge, Louisiana Compounded Polymers 40,000
Beaumont, Texas Synthetics 15% increase
Edison, New Jersey Synthetics 10% increase
2008 Baytown, Texas Bromobutyl Rubber 60% increase
Notre-Dame-de-Gravenchon, Adhesive Polymers 18,000
France
Pensacola, Florida Compounded Polymers 1 line
Singapore Hydrocarbon Fluids 130,000
2011 Singapore Oxo Alcohols 125,000
Specialty Elastomers 300,000
(1) ExxonMobil equity share of capacity addition.
We also continued to grow our specialty businesses
and to progress low-cost debottleneck and high-return
efficiency projects. We seek investment opportunities
offering competitive advantages that support growth and
achieve industry-leading returns.
BUILD PR O PRI E TA RY TEC H N O LO GY POSIT I O N S
Development and deployment of technology are key
competitive advantages and major sources of differentiation
for ExxonMobil. We focus significant research in the develop-
ment of leading process and product technology, including
commercialization of premium products, as well as the identifi-
cation and utilization of lower-cost, advantaged feedstocks.
With facilities located in key growth areas, ExxonMobil Chemical
is well-positioned to supply the demand in Asia. Projects currently
under development could increase our capacity in the Middle East
and Asia by approximately 60 percent.
E X X O N M O B I L C O R P O R A T I O N • 2 0 0 7 S U M M A R Y A N N U A L R E P O R T 35