ExxonMobil’s latest Singapore facility signals that innovation can continue amid global challenges: DPM Gan
ExxonMobil has launched a new facility on Jurong Island, Singapore, which converts heavy residues from crude-oil refining into lower-sulphur fuels and higher-value lubricant base stocks. Despite global challenges and planned workforce reductions, the facility signifies ongoing innovation and long-term value creation. Deputy Prime Minister Gan Kim Yong highlighted the importance of adapting to global overcapacity, shifting demand patterns, and the green transition. The facility aims to strengthen Singapore's energy and chemicals sector and support the shift to speciality and performance products.
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