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Singapore EDB is Willing to Take Stake in Exxon Cracker...

9:56 AM MDT | June 20, 2007 | Chemical Week Editorial Staff

Singapore’s Economic Development Board (EDB) says it would be prepared to take an equity stake in ExxonMobil Chemical’s previously announced second naphtha cracker in Singapore, if that were a determining factor in ExxonMobil’s final decision to build the plant. EDB has taken stakes in major petrochemical plants in the past, to help get the projects off the ground. “It’s not something that we desire but, with something as strategic as this, EDB would consider [taking a stake] if it’s important to the company,” Julian Ho...

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