ExxonMobil Chemical breaks ground on the world’s largest tackifier plant in Singapore
New Escorez resin plant to add 90,000 tons per year
Completion of construction anticipated in 2017
Tackifier resin demand expected to double in 15 years
ExxonMobil Chemical broke ground on the construction for a new hydrogenated hydrocarbon resin production facility at its recently expanded Singapore chemical plant. The facility will be the world’s largest with a capacity of 90,000 tons per year of Escorez™ tackifying resins. The plant is being built to meet long-term demand growth for hot-melt adhesives, and is expected to be completed in 2017.
"With global demand for hydrogenated tackifiers expected to double in the next 15 years, our customers worldwide will benefit from this new added supply of Escorez™ resins," said Neil Chapman, senior vice president, Polymers, ExxonMobil Chemical Company. "The new tackifier plant will help us keep pace with our customers' needs."
The ground breaking ceremony in Singapore included Chapman; S Iswaran, second minister for Trade & Industry and Home Affairs, Parliament of Singapore; and Takao Tanaka, president, Mitsui Engineering and Shipbuilding, a construction contractor for the project.
The majority of the global growth for specialty tackifiers used in the adhesives industry is expected in Asia, making the Singapore facility an optimal base for serving this market.
"Escorez resins are the tackifier of choice for premium hot melt adhesives," said Chapman. "Widely used in packaging, nonwovens and woodworking applications, hot melt adhesives are helping to improve everyday life for people all over the world."
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 environmental considerations.
To learn more, visit www.exxonmobilchemical.com.
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