January 28th — ExxonMobil, a global energy and chemical giant, has officially confirmed that it will permanently shut down its Mossmoran ethylene cracker in Fife, Scotland, UK, in February 2026. With an annual capacity of 800,000 tons, this facility is the company's last operating cracker in Europe. Chempricehub Analysis: Ethylene, Bull-Bear Score: 2. ExxonMobil's permanent closure of the 800,000-ton-per-year ethylene cracker will lead to a reduction in global ethylene supply, particularly widening the supply gap in the European market. With relatively stable demand, the tightening supply is expected to significantly drive up spot prices for ethylene.