27 March 2007 00:25 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--ExxonMobil will seek to integrate as much of its olefins capacity as possible with downstream production in coming years, a senior company official said on Monday.
This strategy is in line with an industry trend to vertically integrate, reducing the size of the merchant market, ExxonMobil Chemical senior vice president Sherman Glass told ICIS news on the sidelines of the 32nd NPRA International Petrochemical Conference.
ExxonMobil will continue to be a major player in the merchant market, however, Glass said.
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