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According to Sinochem News, on February 2, ExxonMobil announced that it had shut down its Fife ethylene plant located in Moss Moorland, Scotland. The shutdown this time occurred earlier than the original plan. The company announced in November 2025 that it would permanently shut down operations at that production facility in the third quarter of 2026. The actual shutdown time was about a quarter earlier than expected. This cracking unit has an ethylene production capacity of around 830,000 tons per year, and it is one of the key chemical infrastructure facilities in the UK. The premature shutdown of the plant is expected to affect the local ethylene supply landscape, which could in turn impact the European ethylene market. Market analysts suggest that the decision to shut down ahead of schedule may be based on various factors, including an assessment of the economic viability of the plants, cost pressures in Europe, and overall strategic adjustments by the company. Against the backdrop of the global energy transition, the operational strategies for traditional fossil fuel-related assets are undergoing profound changes. ExxonMobil said this move is part of its global asset optimization strategy. In recent years, the company has continuously optimized its chemical business structure, focusing on core assets that offer greater competitive advantages.