© Reuters. Exxon opens third Singapore cogeneration power plant
- Exxon Mobil (NYSE:XOM) opens its third cogeneration power plant in Singapore on the site of its Jurong refinery, increasing its total cogeneration capacity in the city-state by nearly 25%.
- XOM says the new 84 MW plant, which produces both electricity and steam, will increase the energy efficiency of the refinery; together with its two other plants, Jurong has combined power capacity of 440 MW.
- The start of the facility comes ahead of a proposed carbon tax on direct emitters which would include the three refineries in Singapore, including XOM’s Jurong site.
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