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Petrochemical Glut

In the News Oil & Gas
ExxonMobil Begins Phased Shutdown of Ageing Jurong Cracker as Petrochemical Glut Deepens

by Oluwatosin Racheal Alabi December 4, 2025

by Oluwatosin Racheal Alabi December 4, 2025

KEY POINTS ExxonMobil has begun winding down its oldest steam cracker on Singapore’s Jurong Island, marking a significant shift in the company’s Asian petrochemicals strategy at a time of persistent …

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