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CREATING VALUE THROUGH THE CYCLE
Chemical: Progressing Strategic Investments
Our Chemical business is well positioned to capture market growth opportunities by developing world-scale assets
that utilize proprietary technologies to capture advantaged feedstocks, deploy lower-cost processes, and increase
premium product sales. Our strategic and disciplined investment approach delivers superior returns throughout the
business cycle and across a variety of market conditions.
United States
We have started construction
of a multibillion dollar
ethane steam cracker at our
complex in Baytown, Texas,
and associated premium
product facilities in nearby
Mont Belvieu. This expansion,
planned to start up in 2017,
is ExxonMobil’s largest-ever
chemical investment in
the United States and is
designed to be one of the
world’s most competitive
new petrochemical projects
through its scale and
production of premium products. ExxonMobil is an early mover in capturing abundant, affordable supplies of feedstock
and energy in North America, supported by integration with our Upstream business.
Our Baytown Plant is the largest integrated refining and chemical manufacturing site in the United States, and includes
ExxonMobil’s largest ethylene production facility in the world. The project will increase our North American ethylene
capacity by more than 30 percent.
Two world-scale polyethylene lines, among the largest in industry, will be added at the Mont Belvieu Plastics Plant to
produce a mixed slate of polyolefin products, including metallocene polyethylene. Demand growth for this premium
product is higher than commodity polyethylene and commands a margin premium based on sustainability and performance
advantages. We plan to build on our existing global supply chain and our commercial and technical resources to further
penetrate growth markets around the world.
Singapore
At our Singapore petrochemical hub, we have started a project to add production of halobutyl rubber and premium
resins for adhesive applications. These facilities will be the largest units we have ever built for these polymers. The project
will use proprietary technologies and benefit from the
feed-flexible steam crackers, integration with the large
complex, and efficient supply chain access to meet
growing demand in Asia. We are a leading global supplier
of these specialty polymers and our 2017 start-up will
further increase our competitive position. Demand for
both product lines is growing faster than GDP, with
demand for hydrogenated resins used in adhesive
applications expected to double over the next 15 years.
With the global number of cars and light trucks expected to
double by 2040, our projects in Saudi Arabia and Singapore
will help meet rapidly growing demand for halobutyl rubber
used in tire innerliners.
As the largest U.S. natural gas producer and a leading chemical manufacturer, ExxonMobil is
uniquely positioned to capture the value of abundant chemical feedstocks by converting them
into higher-value plastics.
Highlight: Resource to Market
EXXONMOBIL 2014 SUMMARY ANNUAL REPORT
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