ExxonMobil's Singapore Cracker Closure Amid Global Petrochemical Slowdown

ExxonMobils Singapore facility, a major petrochemical complex, may permanently shut down one of its steam crackers due to global oversupply and low profit margins. This move aligns with a broader trend of companies adjusting operations, as Chinas increased production capacity has led to a glut in the market, putting pressure on profit margins in Asia and Europe.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.