NPRA ’07: ExxonMobil wants more integration

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.

The amount of ethylene and propylene ExxonMobil uses for internal consumption versus the amount sold in the merchant market is “high”, Glass said, but could not immediately provide details.

By: Mark Quiner
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly