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Exxon Singapore

ExxonMobil, Saudi Aramco Produce Chemicals Directly from Crude Oil, Cutting Refining Costs

New technologies developed by ExxonMobil and Saudi Aramco can produce ethylene, an important chemical in plastics, directly from crude oil, potentially saving refiners as much as $200-per-ton of ethylene produced, according to a report by IHS. The two steam-cracking processes, developed by ExxonMobil and Saudi Aramco, respectively, allow petrochemical producers … Read more »