Dalian Ligong Safety Equipment Co.,Ltd
The American oil company Exxon Mobil said on March 20th that the company began to carry out detailed engineering design work for the potential project of expanding 450,000 tons/year of PP in the US Gulf of Mexico.
With the drive to expand the company's North American and Asia Pacific chemicals production capacity by 40%, if ExxonMobil continues to push forward projects, the investment is expected to be several hundred million US dollars.
It is expected that the company will make a final investment decision this year and the device will be put into production as early as 2021.
The company said that due to the increase in demand for lightweight plastics and the expected supply of low-cost raw materials in the United States, the company may decide to expand PP production capacity, and the device will mainly serve Asia and other emerging markets.
ExxonMobil president John Verity said, "The abundant supply of domestic oil and natural gas has reduced energy costs and created new sources of raw materials for the US chemical industry. Most of the company's investment plans in the Gulf of Mexico are dedicated to supplying to emerging markets such as Asia. High demand products will ultimately stimulate the growth of the local new economy."
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