Feedstock Flexibility Provides Significant Competitive Advantage, Says
ExxonMobil Chemical President
*Sustained innovation key to capturing feedstock advantage
*Ability of new ExxonMobil steam cracker in Singapore to convert crude to
chemicals raises the bar
*Advantages seen in ExxonMobil’s chemical operations across the world
DUBAI, United Arab Emirates -- November 20, 2013
Innovation and integration resulting in greater feedstock flexibility have
provided a significant competitive advantage for ExxonMobil’s chemical
business, Steve Pryor, president of ExxonMobil Chemical Company, told
attendees at the Gulf Petrochemicals and Chemicals Association 8th Annual
Pryor noted that the feedstock landscape is always shifting, influenced by
trends and innovations within the chemical industry, as well as in the
upstream and refining sectors.
“As an integrated company, ExxonMobil is constantly moving feedstock across
our upstream, downstream and chemical operations to generate the most value
from each molecule,” said Pryor.
“For example, in Europe, our Rotterdam aromatics plant has been designed to
receive feedstock from nine ExxonMobil refineries and chemical plants. Pooling
feedstock supply, together with advanced technology, has enabled this plant to
become the largest and one of the most profitable in the region.”
Pryor said feedstock flexibility remains a central element of ExxonMobil
Chemical’s investment strategy.
“For example, in the U.S. Gulf Coast, we expanded our gas cracking capability
while retaining our capacity to process refinery liquids,” Pryor said.
ExxonMobil has also continued to develop new technologies that raise the bar
on feedstock flexibility. “A case in point is the new steam cracker at our
Singapore refining and petrochemical complex. This world-scale unit can
process an unprecedented range of feedstocks, including crude oil.”
Converting crude directly into chemicals provides a cost advantage over
naphtha feedstock, the industry standard in Asia, Pryor said. It also saves
energy and reduces emissions by eliminating the refining steps required to
“Crude cracking is a first for our company, a first for the world, and yet
another step in our industry’s ongoing search for advantaged chemical
feedstock,” he said. “For chemical companies to maintain a competitive
advantage in this ever-changing environment, we must continuously innovate
across the value chain -- from our raw materials to our finished products.”
Statements relating to future plans, projections, events or conditions are
forward-looking statements. Actual results, including project plans, costs,
timing, capacities, and economic impacts, could differ materially due to
factors including: changes in oil or gas prices or other market or economic
conditions affecting the oil, gas and petrochemical industries, including the
scope and duration of economic recessions; changes in law or government
regulation, including tax and environmental requirements; the outcome of
commercial negotiations; changes in technical or operating conditions; and
other factors discussed under the heading "Factors Affecting Future Results"
in the “Investors” section of our website and in Item 1A of ExxonMobil's 2012
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About ExxonMobil Chemical
ExxonMobil Chemical is one of the world’s premier petrochemical companies with
manufacturing, technology, and marketing operations around the world. The
company delivers a broad portfolio of products and solutions efficiently and
responsibly, with a commitment to create outstanding customer and shareholder
value. ExxonMobil Chemical endorses the principles of sustainable development,
including the need to balance economic growth, social development and
To learn more, visit www.exxonmobilchemical.com.
Margaret Ross, 281-870-6607
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