By 2040, global energy demand is projected to increase by 25 percent, and, much like today, China and the Asia Pacific region will drive much of that growth. As economies there expand and living standards improve, more consumers will buy refrigerators, televisions or automobiles, which all use materials made from byproducts of oil and gas. To meet this demand, ExxonMobil’s Shanghai Technology Center (STC) is expanding, adding new test beds and processing halls to tweak and improve the oils, polymers and other products, which underpin the region’s economic expansion.exxon gas station Expansion times in Shanghai | |
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