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Linde’s Singapore Investment Set To Support Exxon’s New Integrated Refining Complex

By John F. Heerdink, Jr.
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. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates.

Linde plans $1.4 bln Singapore expansion, signs Exxon supply deal

Industrial gases group Linde said on Tuesday it will spend $1.4 billion to boost its Singapore gasification facilities to support the planned expansion of Exxon Mobil Corp’s nearby integrated refining complex. The investment will enable Linde’s facility on Jurong Island to supply additional..
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