Exxon Mobil Corp’s new integrated refining complex is reportedly due to start in 2023. This complex will convert fuel oil and other residual crude products into higher-value lube base stocks and meet stringent emissions rules by the International Maritime Organisation (IMO). Recently, IMO had introduced new emission rules on marine fuels to control pollution from ships by limiting sulfur content from 3.5% to 0.5%.
Linde, an industrial gases group, recently announced it will spend $1.4 billion on its Singapore gasification facilities targeted to support Exxon’s aforementioned expansion of their integrated refining complex. The investment is set to supply additional hydrogen and synthesis gas to Exxon’s Singapore refinery. The project is due to begin this year is expected to start operations in 2023 to include air separation plant, operating four additional gasifiers, sulfur recovery plants, and downstream gas processing units, as reported.
Exxon Mobil Corporation (XOM) explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.
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