Thursday, 24 May 2007

Exxon Plans to Expand Asian, Middle East Chemical Capacity by 50 Percent

(Bloomberg) -- Exxon Mobil Corp., the world's largest
publicly traded oil company, plans to expand capacity to produce
chemicals in Asia and the Middle East 50 percent by 2012.

Asia may account for half of global demand for chemicals by
2015, with China responsible for one-fourth of chemical
consumption, Exxon Mobil Chemical Senior Vice-President Jim
Harris said in Shanghai today.


Read more at Bloomberg Energy News

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