Market Rumors: Exxon To Build In India, Pennsylvania

December 3, 2019

ExxonMobil is rumored to have plans for a state-of-the-art lubricants blending plant in India and is looking at a location west of Philadelphia for an ethane cracker facility.

It’s not like Exxon would be exploring new territory in India — the company has already had a presence in the South Asian nation for many years.

The Irving-based company sells lubricants under the brand name Mobil.

Live Mint points out that subsidiary ExxonMobil India LNG Limited has signed a MoU with IndianOil to expand LNG business initiatives and has been delivering natural gas to India for almost 20 years, so the Texas company already has a strong presence in India.

And in a Delaware County Daily Times op-ed in Pennsylvania recently a state politician said he has word that the Marcus Hook Industrial Complex just west of Philadelphia (in Delaware County) is one on a short list of sites being considered by ExxonMobil for an industrial ethane cracker plant.

Former Pennsylvania State Senator Earl Baker wrote that the Marcus Hook location has all the prerequisites for such a plant and boasts “remarkable shale production that is happening throughout the state and region.

“Pennsylvania’s natural gas output reached another record high in the second quarter of this year, jumping nearly 15 percent compared to the same period a year earlier,” he added.