Exxon Mobil has inaugurated a petrochemical processing facility in Singapore on the island of Jurong. The facility is part of the expansion of an existing chemical plant that was built in 2002 and currently accounts for about a quarter of Exxon Mobil’s global chemical capacity. Exxon Mobil Chairman and Chief Executive Officer Rex W. Tillerson, speaking at the plant inauguration Wednesday, said global chemical demand would grow faster than gross domestic product expansion as living standards continue to rise and people purchase more household and packaged goods manufactured with chemical products. “Two-thirds of that growth in chemical demand will be here in the Asia-Pacific region,” Tillerson said. “Exxon Mobil’s expanded Singapore chemical plant is uniquely positioned to serve these growth markets — from China to the Indian subcontinent and beyond.” Exxon Mobil says the facility incorporates more than 40 new proprietary technologies and is […]