Market Chatter: ExxonMobil to Shutdown Steam Crackers in Singapore
MT Newswires
Dec 04, 2025
ExxonMobil is planning to shut down the operations of its two steam crackers in Jurong Island, Singapore from March 2026, according to a report by Reuters on Thursday.
The shutdown is part of an industry-wide trend to reduce capacity in the midst of global losses, the report noted.
In the past two years, Exxon has been scaling down contract volumes across the city-state, the report added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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