Exxon And Mobil Confirm
Federal Trade Commission Approval Of Merger
IRVING, Texas - November 30, 1999 -- Exxon Corporation and Mobil
Corporation today confirmed that the U.S. Federal Trade
Commission (FTC) completed its review of the proposed merger and
has approved a consent order for the merger of the two companies.
Exxon and Mobil have accepted terms and conditions specified by
the FTC and will comply with them fully and in a timely manner.
Exxon Chairman Lee Raymond said, "The FTC's decision,
coupled with the European Commission's approval gained earlier,
cleared the way for the merger to proceed. Exxon and Mobil moved
quickly to close the transaction and to launch the world's
premier petroleum and petrochemical company, which will be known
as Exxon Mobil Corporation. Exxon Mobil Corporation is
incorporated in the state of New Jersey.
"The merged company expects that the scale of the worldwide
near-term cost savings and the long-term strategic benefits will
likely exceed those announced last year. The merger will allow
ExxonMobil to compete more effectively with the recently combined
multinational oil companies and the large state-owned oil
companies that are rapidly expanding outside their home
areas," Raymond said.
The FTC's review was one of the most thorough and exhaustive ever
undertaken, lasting some 11 months. Exxon and Mobil worked
closely with the FTC to provide appropriate information on a
timely basis to facilitate regulatory review of the merger.
In the U.S., Exxon's and Mobil's exploration; production; natural
gas; chemical; Gulf Coast, Midwest and Rocky Mountains refining
businesses; and the vast majority of service stations are not
affected by the consent order.
While the FTC ruling predominately affects aspects of the U.S.
downstream, the merged company will retain a significant presence
in these business segments in the U.S. By most measures of
capacity and sales, the merged company will be a strong
competitor in these areas.
FTC conditions ExxonMobil will satisfy to complete the merger
include:
Exxon selling its fee and leased service stations from New York to Maine, and assigning its contracts with all dealers and distributors in those areas to a new supplier;
Mobil selling its fee and leased service stations from New Jersey through Virginia, and assigning its contracts with all dealers and distributors in those areas to a new supplier. In addition Mobil selling its East Boston, Massachusetts, and Manassas, Virginia, terminals.
Mobil selling its interest in TETCO, a Texas motor fuel distributor, selling its interests in 10 service stations in Dallas and Fort Worth, and assigning its contracts with distributors in five areas in Texas -- Dallas, Austin, San Antonio, Houston and Bryan-College Station;
Exxon selling its Benicia, California, refinery; withdrawing from retail fuels marketing in four areas (Oakland, San Francisco, San Jose and Santa Rosa), and selling its remaining service stations and assigning its dealer and distributor contracts in the state;
Exxon will divest its interest in 12 service stations and a product terminal in Guam;
Mobil amending its base oil contract with Valero at the Paulsboro refinery in New Jersey;
Exxon Mobil Corporation entering into long-term contracts to supply a total of 12,000 barrels-per-day of base oil from its Gulf Coast refineries to up to three customers;
Exxon Mobil Corporation selling either Exxon's 48.8 percent interest in the Plantation pipeline or Mobil's 11.49 percent interest in the Colonial pipeline, and Mobil's 3.08 percent interest in the Trans-Alaska Pipeline System (TAPS); and
Exxon selling its assets associated with its worldwide jet turbine lubricating oil business.
"We remain committed
to our customers, dealers and distributors in the U.S.,"
said Raymond. "We are pleased that ExxonMobil may allow
those who acquire our service stations and supply relationships
in most of the areas affected by the FTC ruling the opportunity
to retain the existing Exxon or Mobil brands for at least 10
years or longer, thereby benefiting consumers, dealers and
distributors. The Exxon and Mobil brands, their high-quality
products, and other innovative services like Mobil Speedpass and
state-of-the-art convenience stores, will remain, even in those
areas where we are required to sell service stations or assign
contracts."
Exxon Mobil Corporation will have nine months to satisfy most of
the FTC's conditions everywhere except California, where it will
have twelve months to sell the Benicia Refinery and the
California marketing assets. During that time, Exxon Mobil
Corporation will hold various businesses separate from management
and operation of the newly merged company.
Except for Exxon and Mobil operations that will be divested, the
held separate businesses will become part of the ExxonMobil
organization when FTC conditions related to these businesses are
met. Revenues and earnings from businesses "held
separate" will be consolidated in the Exxon Mobil
Corporation financial statements.
The held separate businesses are:
All of Mobil's fuels marketing operations from Maine through
North Carolina, Florida, Georgia, Texas and Louisiana;
Mobil's Torrance, California, refinery and California pipelines,
as well as all of its fuels marketing operations in California,
Arizona and Nevada;
Mobil's Alaska Pipeline Company and Mobil's interest in Colonial
Pipeline Company;
Exxon's worldwide jet turbine lubricating oil assets.
"We regret the uncertainties these divestments may cause to
customers and employees. We are convinced, however, that the
incentives for this merger remain strong," Raymond said.
"We have known for some time that the regulatory approval
process would take a good part of this calendar year. We used
this time as best we could to prepare for the actual integration
of the two companies. We are ready to move ahead quickly. We are
confident and determined to make Exxon Mobil Corporation a
reality that will quickly bring significant benefits to its
customers, its employees and its shareholders," concluded
Raymond.
ExxonMobil-Pequiven
olefins JV approved by economic team
Venezuela's
delayed $2.65-bil olefins project with JV partner ExxonMobil has
been approved by the country's economic cabinet, a spokesman for
the energy ministry told Platts Monday. The plant, which will
have an annual production of around 2.2-mil tons of olefins and
derived products, is awaiting approval by the full cabinet and
Venezuelan president Hugo Chavez, the spokesman said.
"Representatives from ExxonMobil are quite excited about the
development. They are seeing light at the end of the
tunnel," he said. Deputy energy minister Bernardo Alvarez
said the project, which was to be solely export-oriented, was
being reworked to allow supplies to go to the domestic market, in
a report published by Caracas daily El Nacional on Monday.
The
proposed 50-50 project between Venezuela's state Pequiven and
ExxonMobil is designed to produce 1-mil mt/yr of ethylene,
780,000 mt/yr of polyethylene and 400,000 mt/yr of glycols. It
will be built at Jose petrochemical complex in the eastern state
of Anzoategui. Both Pequiven officials and Alvarez have said the
project may benefit from 10-year tax reductions allowed under
Venezuelan law for the promotion of foreign investment. Alvarez
told El Nacional one proposal being considered was for Pequiven
and ExxonMobil to begin importing olefins from year zero of the
project in order to promote the appearance of plastic processing
companies before construction of the plant begins.
ExxonMobil
said Monday it is happy that its delayed $2.65-bil olefins
project with Venezuela's state Pequiven is moving ahead. "We
are pleased by the progress of this project and that since the
economic cabinet has approved it, we are waiting for official
confirmation of that," a spokesman for ExxonMobil told
Platts.
Platts
2003/6/9
ExxonMobil PDVSA talks progress on Venezuela olefins JV project
ExxonMobil is making progress in renewed negotiations with state
oil company PDVSA about developing a $2.65-bil olefins 50:50 JV
project in eastern Venezuela, the company said Monday. A
preliminary development agreement for the planned project with
Pequiven had been close to being signed in December before the
country's two-month oil strike began and talks were interrupted.
The project would be designed to produce 1-mil mt/yr of
ethylene, 780,000 mt/yr of polyethylene and 400,000 mt/yr of
glycols.
2004/2/9
ExxonMobil
ExxonMobil Chemical Announces Start-Up of New Metallocene Plant
Expansion at Baton Rouge, Louisiana
http://www.exxonmobil.com/Corporate/Newsroom/NewsReleases/xom_nr_190204_1.asp
ExxonMobil
Chemical has announced the completion and successful start-up of
its new commercial metallocene ethylene elastomer manufacturing
facility in Baton Rouge, Louisiana. The facility, the first of
its kind in the world, is now operational and will add capacity
of more than 90 thousand tons of product annually.
"This expansion is a key step in advancing our ethylene
elastomer product portfolio with unique, differentiated polymers,
including the family of VistamaxxTM specialty
elastomers," said Mary Ahner,
vice president of ExxonMobil Chemical Ethylene Elastomers.
"This new facility underscores our ongoing commitment to
invest in and support our customers' needs for advanced ethylene
elastomer products worldwide."
Basic
process and catalyst technologies used in this plant were
developed in-house by ExxonMobil process technologists.
"We are very excited about this major start-up, as it
demonstrates a technological advancement in versatile
production," said Hans
VanBrackle, global technology manager, ExxonMobil Chemical
Ethylene Elastomers. "Using the plant's flexible solution
platform based on our proprietary ExxpolR metallocene catalyst
technology, we now have the option of adjusting product mix to
meet our customers’
needs.
We believe this new Baton Rouge facility will provide a high
degree of potential for polymer design innovation."
Included
in the product slate is the recently announced family of
Vistamaxx specialty elastomers which ExxonMobil Chemical launched
in June 2003 at NPE. "The Vistamaxx products, with their
step-out technology, are just the first of what we expect will be
a series of new, value-add polymers to emerge from this
platform," VanBrackle noted.
"Because of our broad Intellectual Property (IP) stake, we
believe our products allow customers to maintain a technological
edge that they can use to their advantage."
The
new facility will serve as the global supply point for
metallocene ethylene elastomer products, enabling ExxonMobil
Chemical to take advantage of existing organizational
infrastructure and feedstock availability.
These products are expected to be commercially available in early
second quarter 2004.
Mitsui Engineering and Shipbuilding, Inc. and its subsidiary
Engineers and Constructors International, Inc., known for
international expertise in commercial design and construction,
were contracted for the construction of the new plant.
ExxonMobil Chemical ethylene elastomer products marketed globally
include Vistamaxx TM specialty
elastomers, Exact® plastomers,
Vistalon® EP(D)M, ExxelorTM chemically
modified polymers, and Santoprene® thermoplastic
elastomers. These products are used in a variety of applications
in markets that include automotive, construction, electrical,
food packaging and consumer goods.
About ExxonMobil Chemical
ExxonMobil Chemical (www.exxonmobilchemical.com) is a global
leader in technology, product quality and customer service with
petrochemical manufacturing and/or marketing operations in more
than 150 countries around the world. Its products include
olefins, aromatics, fluids, synthetic rubber, polyethylene,
polypropylene, oriented polypropylene packaging films,
plasticizers, synthetic lubricant basestocks and additives for
fuels and lubricants.
Editor's note: The term "ExxonMobil Chemical" refers
collectively to some or all of the companies affiliated with
Exxon Mobil Corporation which have chemical manufacturing and/or
marketing operations around the world. Vistamaxx,Vistalon, Exact,
Exxelor, Exxpol and Santoprene are trademarks of Exxon Mobil
Corporation.
2004/7/21 Platts
Venezuela, ExxonMobil move forward on olefins project
US major ExxonMobil and Venezuela's state petrochemical company
Pequiven have reached a tentative agreement on a $2.65-bil
olefins joint venture in eastern Venezuela, an
ExxonMobil official said Wednesday. "The negotiating teams
have reached an understanding on how the project would be
developed," the spokesman said. "It is now under
review." Talks on the long-awaited project appeared to have
floundered, with little progress reported in the last 18 months.
A preliminary development agreement on the 50-50 project was
close to being signed in late 2002, shortly before Venezuela's
two-month oil strike.
Following the upheaval, Pequiven and its parent company, PDVSA,
were put under new management. Although the spokesman could give
no indication of when the PDA may be signed, a Pequiven source
said an announcement was expected soon by Venezuelan President
Hugo ChaveIz.
August 12, 2004
BNamericas
Pequiven, ExxonMobil sign US$3bn olefins agreement
The
Pequiven petrochemical subsidiary of Venezuela's state oil
company PDVSA
and US-based ExxonMobil Chemical Company have signed an agreement to
develop a US$2.5bn-3bn olefins project at
the Jose petrochemicals complex in Anzoategui state, Pequiven said
in a statement Thursday.
A team formed with specialists from both companies will start
work in September on completing feasibility studies and defining
other aspects of the project.
The project will include a cracking plant with capacity to
produce 1 million metric tonnes annually
of ethylene and derivatives.
ExxonMobil and Pequiven will each have 50% in the
project,
which will become the main provider of petrochemical products in
Latin America and in other world markets, the statement said.
"The Jose petrochemicals project will combine the qualities
and unique strengths of PDVSA, Pequiven and ExxonMobil Chemical
to become a platform for stimulating the development of
downstream plants in Venezuela," ExxonMobil's Venezuela
president Mark Ward was quoted as saying.
"We have advanced with a lot of success in preliminary
conversations and we have confidence in our own experience and in
ExxonMobil's to develop a great project of olefins and
derivatives according to market expectations," Pequiven
president Saul Ameliach said.
Pequiven will also promote its plan to develop the national
plastics industry to integrate production chains, industrialize
hydrocarbons and generate jobs and economic activity in the
country, Ameliach said.
ITC-CHEM-NEWS 2002/9/6
Pequiven と ExxonMobil、百万トンエチレンプロジェクト合意か
Venezuela 国営石油精製会社 PDVSA の Mr. Edgar Paredes が昨日 9月5日明らかにしたところによると、Pequiven と ExxonMobil が進めてきたオレフィンプロジェクトは近々合意に達し署名される予定だ、とのことである。
同プロジェクトは、過去 5年に亘って交渉されてきたものであり、サイトは Anzoategui州 Jose に位置し、出資は Pequiven と ExxonMobil 50:50 の合弁となる。
プラント年産能力は、エチレン 1,000,000トン、PE 760,000トン、EG 430,000トン等となっている。総資金は 23億ドル。
署名の時期は明らかにされていないが、Mr. Paredes によれば、「数ヶ月前に政府の許可関係は取得できており、このホセプロジェクトを進めるための障害は無くなっている」と話している。同氏は近く Pequiven の社長に就任する予定。
同氏はまた、Pequiven での重要な仕事は Pequiven としての長期戦略を見直すことであり、Moron 及び El Tablazo にある旧コンプレックスの近代化だ、と話している。
2005/1/28 ExxonMobil
Chemical
ExxonMobil Chemical
to Expand Oxo Alcohol Capacity in Singapore
http://www.exxonmobilchemical.com/public_pa/WorldwideEnglish/Newsroom/NewsReleases/chem_nr_280105.asp
ExxonMobil Chemical is
expanding the capacity of its world-class oxo alcohol plant in
Singapore. The Singapore Chemical Plant will increase its iso-nonyl alcohol
capacity from 180,000 tons-per-year to 220,000 tons-per-year. Project completion is expected
by 3Q 2006.
"ExxonMobil
Chemical has consistently enhanced its manufacturing scale to
respond to customers' needs worldwide," said Robert C.
Davis, Global Oxo Business Unit vice president, ExxonMobil
Chemical. "Over the past few years, our Asia Pacific
affiliates have had significant grassroots expansion, in line
with the business' successful performance in Europe and the
Americas."
"The net result
is that we have the largest integrated global platform to serve
the plasticizer business with the right products in the right
places to respond to changing market conditions in supply and
demand," added Davis. Growth for plasticizers in Asia
Pacific is expected to continue, representing nearly 60 percent
of the global plasticizer market by 2010.
Oxo alcohol is
essential in the manufacture of plasticizers, which provide
flexibility to many plastics products, such as floor and wall
coverings, wire and cable insulation, synthetic leathers, gloves
and automotive applications.
In a related
announcement, ExxonMobil Chemical earlier announced plans to
expand its ethylene steam cracker at the Singapore complex by
75,000 to more than 900,000 tons-per-year.
Editor's notes:
The Singapore oxo
alcohol plant started up in 2001 with a capacity of
150,000 tons-per-year and subsequently increased to 180,000
tons-per-year in June 2004.
2006/1/4 Foster
Wheeler
Foster Wheeler Awarded PCS Contract for Planned New Petrochemical
Project in Singapore
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=fwlt&script=418&layout=-6&item_id=800250
Foster Wheeler
Ltd. announced today that ExxonMobil Asia Pacific Pte. Ltd. has
awarded the team of Foster Wheeler and WorleyParsons a project
coordination and services contract for a potential new project at
ExxonMobil's Singapore Chemical Plant site. This project, known
as the Singapore Parallel Train (SPT), would include the
possible construction of a new world-scale
ethylene cracker, as well as downstream plants for production of
ethylene/propylene derivatives.
Foster Wheeler and WorleyParsons would also undertake the
front-end engineering design and the potential engineering,
procurement and construction of some facilities if the project
proceeds to the next stage. The Foster Wheeler contract value was
not disclosed.
"Foster Wheeler is proud to be leading the joint venture
team providing support to ExxonMobil for this planned major
petrochemical facility in Singapore," said Steve Davies,
chairman and chief executive officer of Foster Wheeler Energy
Limited. "This confirms our position as one of the leading
engineering, procurement and construction contractors in
Singapore, where we have been safely and successfully completing
projects in the chemical, refining and pharmaceutical sectors for
more than thirty years. We will bring the full depth of this
experience to our joint venture to assist ExxonMobil."
The work for this planned, world-scale project support will be
undertaken on a global basis utilizing staff resources located in
the UK (Reading), USA (Houston) and Singapore.
ExxonMobil
Chemical Introduces New Line of Compounded Polyolefins for
Automotive Industry
ExxonMobil Chemical today introduced a line of compounded
polypropylene for the automotive industry. ExxonMobil Performance
Polyolefins are available from ExxonMobil Chemical facilities in
North America, Europe and Asia.
"ExxonMobil Chemical has the technology and manufacturing
capability to supply a global grade slate of custom-compounded
polyolefins to automotive customers," said Dick Grabham,
vice president of the company's Global Polypropylene Business.
"Our ongoing investment in technology and compounding
expertise highlights our commitment to the global automotive
market."
Work to certify ExxonMobil Performance Polyolefin grades to
various automotive specifications is currently underway. These
products complement ExxonMobil Chemical's neat and impact
copolymer polypropylenes to provide customers with a complete
line of products for automotive interior, exterior, and under
hood applications.
Our Exxpol Enhance(TM) polypropylene and premium reactor
thermoplastic polyolefins (TPOs) are used for bumper fascias,
step pads, and pillar trim for head impact. Our polypropylene can
be found in other applications, such as door and quarter-panel
trim, lift-gate trim, consoles, fender liners, and fan shrouds.
ExxonMobil Chemical offers numerous products for a wide variety
of automotive applications. The products may be supplied from our
manufacturing facilities in North America, Europe or Asia
Pacific.
-- Santoprene(TM) TPV and Vistalon(TM) EPR and EPDM elastomers
are key products used in automotive body sealing applications.
-- Jayflex(TM) plasticizers are key components in hundreds of
automotive flexible PVC applications, for both interior and
exterior use.
-- Specific grades of high density polyethylene have been
designed for fuel tanks and energy management systems. These
grades exhibit superior toughness and offer long life.
-- Butyl polymers, including butyl, chlorobutyl and bromobutyl
rubber, are key components in tires for cars and trucks.
-- Lubricants based on our synthetic base stocks provide superior
wear protection and extended life to automotive oils and greases.
In addition, automotive paints incorporate our aliphatic and
aromatic hydrocarbon fluids as well as isopropyl alcohol (IPA)
and methyl ethyl ketone (MEK).
About ExxonMobil Chemical
ExxonMobil Chemical is a global leader in technology, product
quality and customer service, with petrochemical manufacturing
and/or marketing operations in more than 150 countries around the
world.
2006/11/8 ExxonMobil Chemical
エクソンモービルケミカル
米国テキサス州ベイタウン工場
ハロゲン化ブチルゴム生産能力増強の件
エクソンモービル ケミカル
カンパニー（エクソン モービル
コーポレーションの化学品部門: 以下エクソンモービルケミカル）は、当社のテキサス州ベイタウン工場におけるハロゲン化ブチルゴム（ハロブチルゴム）生産能力の大幅な増強を行うことを決定しましたのでお知らせいたします。同工場は、既存設備の改良や新設備の追加により、「エクソン・ブロモブチルBromobutyl
」ゴムの生産能力を60%増強する予定です。今回の増強は、ハロブチルゴムの国際市場やタイヤ業界における旺盛な需要や急速な成長を支えるという当社の姿勢を明確に示すもので、関連工事の完了は2008 年4-6 月期を予定しています。
エクソンモービルケミカルのブチルポリマーズ・グローバルビジネス担当副社長を務めるアート・サリバンは、「当社は、ベイタウン工場におけるハロブチルゴム生産設備への投資を続けており、その規模は2000 年以降で総額4 億ドルを超えています。今回の増強は、当社の70 年に及ぶブチルゴムの研究・開発、サービス、製品ノウハウに基づき、タイヤ業界の取引先に対し今後も世界規模でハロブチルゴムの供給をお約束するものです。」と述べています。
ハロブチルゴムは、他のゴムと共加硫が可能で、低い空気透過性、良好な耐熱性、優れた耐屈曲性や良好な加工性といった重要な特性をタイヤインナーライナーにもたらします。また、ハロブチル･インナーライナーの優れた水蒸気遮断性は、乗用車・トラック用タイヤのベルトやカーカスに使用されているスチールコードの腐食防止に役立ちます。ハロブチルゴムによるタイヤ空気圧の保持性向上が、タイヤの経時劣化に対する耐久性を改善させることも実証されています。
エクソンモービルケミカルは、世界のタイヤ業界向けにハロブチルゴムを供給する主要サプライヤーであり、過去10 年間で生産能力を80％増強しています。
--
2002 年にベイタウン工場を拡張し、ハロブチルゴムの生産能力を4 倍に増強しました。
--
エクソンモービル・ケミカルグループの一員であるエクソンモービル有限会社が合弁出資している日本ブチル株式会社（本社: 神奈川県川崎市）は、アジア太平洋地域の需要増に対応して、このほど同社のハロブチルゴム生産能力を年間70,000 トンに増強しました。
この他、ベイタウン・ブチル工場では、タイヤインナーライナーの空気不透過性を向上させる新技術に使われる、当社が独自に開発した特殊エラストマーExxpro（エクスプロ）の生産能力を倍増する拡張プロジェクトが進められています。同プロジェクトは2005 年に発表され、本年末までの完了を目指しています。
November 2, 2005 -- ExxonMobil
ExxonMobil Chemical to Expand EXXPRO Specialty Elastomers Capacity in Baytown, Texas, to Support Advancements in High-Barrier, Lightweight Tire Inner Liners
ExxonMobil Chemical has announced today that it is doubling its production capability for its proprietary Exxpro specialty elastomers used in the construction of tire inner liners, as a result of new investment and recent operational improvements. The expansion of the company's plant in Baytown, Texas, is targeted for completion in the fourth quarter, 2006.
"This multimillion dollar investment in Exxpro capacity will support the development of new, higher air barrier inner liner technologies that target both passenger and commercial vehicle tires," said Art Sullivan, Global Butyl Polymers vice president, ExxonMobil Chemical Company. "At the same time, it further demonstrates our continued technical leadership and global supply commitment to customers in the tire industry."
ExxonMobil Chemical has furthered its technological advancement of tire inner liners based on its proprietary Exxpro polymer (brominated isobutylene para-methylstyrene copolymer). These technologies include both nano-composites and dynamically vulcanized alloys (DVA).
Prototype Exxpro polymer liners made with nanocomposites have been successfully processed into lighter weight commercial truck tires in a commercial tire manufacturing facility. Results indicate several benefits including reductions in tire cure time, liner gauge thickness, inflation pressure retention (IPR) and intra-carcass pressure (ICP), as well as more than a 20 percent improvement in tire durability as expressed by 'mileage to failure' ratings.
ExxonMobil Chemica's advancements with Exxpro polymer and DVA technology for tire inner liners represent continued improvements of the technology disclosed as part of a global licensing agreement with Yokohama Rubber Company in May, 2004. Recent results have demonstrated the exceptional air retention properties of this plastic/rubber "film" inner liner. As a result, liner downgauging offers another significant source for tire raw material reduction and tire light-weighting.
February 12, 2007 ExxonMobil Chemical Films Business http://www.oppfilms.com./
ExxonMobil Chemical
Upgrades LaGrange Oriented Polypropylene (OPP) Film Manufacturing
Facility
The Films Business of ExxonMobil Chemical today announced plans
to significantly increase production of specialty oriented
polypropylene (OPP) films in LaGrange, Georgia.
The company will
upgrade the LaGrange facility to increase its North American
capacity for multi-layer white OPP films. The multimillion dollar investment
will allow the company to satisfy the rapid growth in demand for
specialty OPP films, such as OPPalyte(TM) white opaque film for candy
cold-seal applications, OPPalyte(TM) WOS-2 and STW white opaque films
for ice cream novelty applications and Label-Lyte(TM) films for wet glue and pressure
sensitive labeling.
"Our focus is to use technologies developed and refined by
ExxonMobil Chemical over the past 35 years to produce packaging
and labeling films that others cannot," said Paul Payne,
global manufacturing manager for the Films Business. "It is
what converters and leading brand owners have come to expect from
our company, and we are committed to delivering on this
expectation."
ExxonMobil Chemical's white opaque OPP films, each specifically
tailored for targeted applications, have earned a reputation for
outstanding performance that continues to fuel growth in the
confectionary and ice cream markets.
OPPalyte HM film,
to be produced on the upgraded facility at LaGrange, utilizes a
proprietary multi-layer technology to achieve exceptional cold
seal adhesion. The company's OPPalyte WOS-2 and
STW films use proprietary multi-layer designs to provide optimal
performance on multilane packaging machines commonly used for ice
cream novelties.
This current upgrade is a continuation of ExxonMobil Chemical's
strategy to invest in specialty assets for its OPP films
business. Since 2002, the company has added
two new state-of-the-art orienters, a new coater and two new
metallizers in its affiliated worldwide OPP film manufacturing
facilities. Additionally, the company
continues to upgrade existing assets like at LaGrange.
About the Films Business of ExxonMobil Chemical
The Films Business of ExxonMobil Chemical is a global leader in
the development and manufacture of specialty oriented
polypropylene (OPP) films, including multi-layer white opaque
films, metallized films and acrylic and PVdC coated films, for
flexible packaging and labeling applications. The Films Business
has affiliated production plants in Europe (Virton, Belgium;
Kerkrade, the Netherlands, and Brindisi, Italy), and North
America (LaGrange, Georgia; Shawnee, Oklahoma; Stratford,
Connecticut and Belleville, Canada). The company and its
affiliates have sales offices to support customer needs in
countries around the world, including North America, Europe and
Asia. Additional information regarding the Films Business can be
found at: www.oppfilms.com.
With marketing and operations in more than 150 countries around
the world, ExxonMobil Chemical Company and its affiliates are
global leaders in technology, product quality and customer
service. ExxonMobil Chemical Company is a
division of Exxon Mobil Corporation. Additional Information about
ExxonMobil Chemical can be found at: www.exxonmobilchemical.com.
April 03, 2007 ExxonMobil
Chemical
ExxonMobil's New Olgone Aromatic Treatment Technology Proves
Successful at NPRC's Muroran Refinery
Olgone is an innovative
aromatics treatment technology that provides an economical,
easy-to-implement alternative to clay treatment.
ExxonMobil Chemical Technology Licensing LLC today announced the
successful start-up of the first licensed application of its new Olgone
Process.
Nippon Petroleum Refining Company, Ltd.'s (NPRC) installed the Olgone Process at its Muroran
Refinery to remove olefins from a heavy reformate feed, replacing the
traditional clay treatment process. The mixed xylenes separated from
the treated heavy reformate are then converted to paraxylene by
NPRC and others.
"We selected ExxonMobil Olgone technology to overcome
difficulties associated with very short clay treater cycles at
our refinery. Olgone offered a way to significantly extend
treater cycles as well as reduce the amount of spent clay
generated from the treaters," said Hiroji Adachi, NPRC's
Technical Service Department General Manager.
David Starkey, Global Xylenes Licensing Manager, ExxonMobil
Chemical Technology Licensing LLC, said, "NPRC is the
leading refiner and oil products marketer in Japan. We are very
pleased that our Olgone technology is helping NPRC improve the
efficiency and cost-competitiveness of its Muroran
refinery."
ExxonMobil Chemical Technology Licensing LLC is a globally
recognized licensor of proprietary technologies, both directly
and through arrangements with other licensing companies. The
technology offerings span petrochemical and polymer sectors
including manufacturing technologies for low density
polyethylene, polypropylene, paraxylene, benzene, mixed xylenes,
ethylbenzene, cumene, propylene and ethylene, with supporting
proprietary catalyst offerings in the aromatics process
technology areas. For additional information see the ExxonMobil
Chemical web site at www.ExxonMobilChemical.com and click on the
"Technology" menu.
ExxonMobil Introduces Innovative Aromatics Treatment Technology
Olgonesm provides economical, easy-to-implement alternative to clay treatment
ExxonMobil Chemical Technology Licensing LLC today announced the commercialization of its new Olgone technology for more effective and environmentally sound removal of olefins from aromatics streams. Olgone is a catalyst-driven technology that provides aromatics plant operators with an alternative to the clay treaters currently used to reduce olefin content. Olgone is more effective than clay treaters in removing olefinic materials that can interfere with downstream equipment, adsorbents, sieves and catalysts.
The new technology can offer significant benefits in terms of operating and capital costs, solid waste reduction, downstream protection, and operations improvement. It is easily retrofitted into existing clay treaters and operates at the same process conditions, making transition to this technology simple and trouble-free.
Olgone employs the same basic chemistry as conventional clay systems to remove olefins, but its processing capacity is 4 to 6 times that of clay, thanks to a proprietary catalyst system specifically engineered for low-temperature alkylation reactions. The Olgone catalyst offers improved environmental performance as it is regenerable, unlike the clay that it replaces.
"We’ve been using the process in our own aromatics plants for a number of years and are extremely pleased with its superior performance," says David Starkey, Global Xylenes Licensing Manager, ExxonMobil Chemical Technology Licensing. "It is going to be especially welcome news for plant operators who are now struggling with very short clay treater cycles or wish to expand throughput. Olgone provides a way to debottleneck without the large capital investment of adding new clay treater vessels."
ExxonMobil Chemical Technology Licensing, LLC is a globally recognized licensor of proprietary technologies, either directly or through arrangements with other licensing companies. The technology offerings span petrochemical and polymer sectors including manufacturing technologies for tubular / autoclave LDPE, polypropylene, xylene, paraxylene, benzene, mixed xylenes, ethylbenzene, cumene, propylene and ethylene with supporting proprietary catalyst offerings in the aromatics process technology areas. For additional information see the ExxonMobil Chemical web site at www.ExxonMobilChemical.com and click on the "Technology" menu.
ExxonMobil Chemical is a global leader in technology, product quality and customer service with petrochemical manufacturing and/or marketing operations in more than 150 countries around the world. Its products include olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks and additives for fuels and lubricants.
ExxonMobil Chemical Company Announces Manufacturing Facility for New Specialty Compounds for Tires
ExxonMobil Chemical
Company today announced it will begin construction of a facility
to manufacture new specialty elastomer compounds that can improve
the durability of tires, make them lighter weight by using less
raw material and significantly reduce fuel consumption.
Start-up of the
plant is expected in early 2008 to satisfy demand for the
products that combine the flexibility and elasticity of rubber
with the low air permeability of plastic.
The plant will manufacture a dynamically
vulcanized alloy (DVA) of proprietary ExxproTM specialty elastomers and nylon.
This new Exxpro-based alloy can be blown into films and used as
the air barrier inner liner of tires. ExxonMobil Chemical expects
to commercialize the technology in late 2007. Exxpro marks the
first major technology advancement to tire inner liner raw
materials since ExxonMobil started producing halobutyl products
in 1961.
"The
Exxpro-based alloy provides improved air barrier retention versus
current commercial alternatives," said Art Sullivan, Butyl
Polymers Global Business vice president, ExxonMobil Chemical
Company. "Maintaining proper tire inflation reducesstress
and irregular wear, saving millions of gallons of gasoline every
day."
Tire inner liners
with the Exxpro-based alloy are up to one-fifth the gauge of a
conventional halobutyl inner liner, leading to lighter weight
tires with improved rolling resistance. The new inner liner material has
shown a 20 percent improvement in tire durability, and it also
performs well in cold temperatures.
"These new
inner liners allow up to 80 percent reduction in hydrocarbon
based raw materials versus current inner liner technology,"
Sullivan said. "This is a good example of how innovative
polymer technologies can promote a sustainable future by reducing
both motor fuel consumption and raw material usage."
The initial market
development facility for manufacturing will be located in Pensacola,
Florida. The investment will fully leverage
the company’s existing proprietary extrusion
technology at this location. The facility will supply customers
globally.
In 2004, ExxonMobil
Chemical and Yokohama Rubber Company announced significant
technical advancements in the area of Exxpro polymer and
dynamically vulcanized alloy technology for tire inner liners.
In 2006, ExxonMobil
Chemical Company completed an expansion at the
company's plant in Baytown to double production capability
for its proprietary Exxpro specialty elastomers.
"These
investments demonstrate our continued technical leadership and
global supply commitment to customers in the tire industry,"
said Sullivan.
ExxonMobil Chemical
is a major supplier to the global tire industry.
More information
about these products is available at www.butylrubber.com.
ExxonMobil Chemical and Yokohama Rubber Co. Ltd. Achieve Winter Test Qualification for Jointly Developed Advanced Tire Inner Liner
A milestone in the development of improved tire inner liners was announced today by ExxonMobil Chemical Company and The Yokohama Rubber Co., Ltd. (YRC) following tests to qualify their jointly developed technology for use in passenger vehicle tires in harsh winter conditions.
The companies' development of DVA (dynamically vulcanized alloy) advanced tire inner liner technology is based on proprietary Exxpro polymers and alloys of those polymers developed by ExxonMobil, as well as alloys and application technology developed by YRC. The DVA advanced inner liner technology used in the film liner materials combines the flexibility and elasticity of a rubber with the low-air permeability of a plastic.
Satisfying low-temperature fatigue-resistance requirements is difficult for conventional inner liners. Tires made with the jointly developed DVA advanced inner liners passed rigorous cold-temperature indoor tire testing and outdoor road testing. Tests were conducted over a six-month period in northern Canada in temperatures reaching -22°C.
In addition to their cold-temperature toughness, 15-inch V-rated passenger car tires using the DVA advanced inner liner have shown light-weighting gains of approximately 5.5 percent or 0.5 kg per tire, and reductions in rolling resistance. These results are due to the exceptional air-retention properties of the DVA, which can be 7-10 times better than those obtained from conventional 100 phr halogenated butyl rubber (halobutyl rubber) liner compounds. Tires with lower rolling resistance have been shown to improve vehicle fuel efficiency.
In 2004, ExxonMobil Chemical and YRC announced a joint cooperative agreement and ExxonMobil's acquisition of a global license from YRC for DVA inner liner technology.
In October 2005, ExxonMobil Chemical announced a multimillion-dollar investment to double production capabilities for its proprietary Exxpro specialty elastomer used in DVA advanced inner liner construction. The expansion of the company's plant in Baytown, Texas, is targeted for completion in the fourth quarter of 2006.
ExxonMobil Chemical expects to commercialize a DVA resin product in the latter half of 2007. ExxonMobil Chemical is a major supplier of halobutyl rubber to the global tire industry.
ExxonMobil Announces Successful
Start-up of PxMax Technology at S-Oil's Onsan Refinery
PxMax is ExxonMobil's
State-of-the-Art Technology for Selective Toluene
Disproportionation
ExxonMobil Chemical Technology Licensing LLC and S-Oil Corporation today announced the successful start-up of ExxonMobil's PxMax technology at S-Oil's Onsan refinery and chemical complex in South Korea. The PxMax process licensed by ExxonMobil and implemented at the Onsan refinery replaced a non-selective toluene disproportionation 不均化 (TDP) process that produced equilibrium mixed xylenes. The selective nature of the PxMax process provides S-Oil with a paraxylene-enriched mixture that is further processed into sales grade paraxylene product at S-Oil's facility.
David Starkey, Global Xylenes Licensing Manager, ExxonMobil Chemical Technology Licensing LLC, said, "S-Oil is an important refiner and petrochemical producer in South Korea. We are very pleased that they have selected our PxMax technology to increase their overall paraxylene production and improve the cost-competitiveness of their Onsan refinery."
"We selected the ExxonMobil PxMax technology as one of a number of profit improvement activities focused on increasing paraxylene production capacity without modifying the paraxylene separation process facilities. The xylene product from the PxMax process is highly enriched in paraxylene which allows us to increase overall paraxylene production from the complex by almost 8 percent. The relatively simple retrofit of our existing TDP unit with PxMax offered us a way to quickly increase our paraxylene production and take advantage of the very favorable market conditions," said M. S. Seo, Refining Process Engineering Department General Manager, S-Oil.
ExxonMobil Chemical Technology Licensing LLC is a globally recognized licensor of proprietary technologies, both directly and through arrangements with other licensing companies. The technology offerings span petrochemical and polymer sectors including manufacturing technologies for low density polyethylene, polypropylene, paraxylene, benzene, mixed xylenes, ethylbenzene, cumene, propylene and ethylene, with supporting proprietary catalyst offerings in the aromatics process technology areas. For additional information see the ExxonMobil Chemical web site at www.exxonmobilchemical.com under the Technology menu.
ExxonMobil Chemical Begins Commercial Production of Butyl Rubber Using a Proprietary New Breakthrough Technology
ExxonMobil Chemical
announced today that it has begun commercial production of butyl rubber at
its Notre Dame de Gravenchon (NDG) plant in France using a new proprietary
breakthrough process technology that it pioneered.
The new technology
enables ExxonMobil Chemical to significantly increase its butyl
rubber production capacity from its existing plants. Moreover,
the technology also improves energy efficiencies as it enables
the butyl rubber polymerization process to be run at more
efficient temperatures.
The new process
technology is the product of a multi-million dollar, multi-year
program that utilizes ExxonMobil’s strengths in research and
development as well as in manufacturing. The breakthrough
provides ExxonMobil unique advantages in manufacturing and
further enhances its position as an innovator in butyl rubber
manufacturing technology.
"This is
possibly the biggest breakthrough in butyl process technology
since the invention of halobutyl," said Art Sullivan, Global
Butyl Polymers Vice President at ExxonMobil Chemical. "It is
the culmination of our relentless focus and investment in
research and development, and it demonstrates the continued
technical leadership of ExxonMobil Chemical and our continued
commitment to the global tire industry."
ExxonMobil Chemical
made the decision to commercialize the technology after it passed
stringent tests and trials over a period of approximately two
years at the NDG plant. Stable, efficient plant operations,
significantly higher production capability with existing reactors
and refrigeration compressors and equivalent product properties
and performance were amongst the key success criteria evaluated
prior to commercialization of the technology.
The company plans
to roll out the new technology at its other butyl plants around
the world. Details of the plan including the timing and target
capacity increment have yet to be finalized. Based on its
commercialization success at the NDG plant, the new technology
will enable ExxonMobil Chemical to increase production at all of
its manufacturing sites, equivalent to a world scale plant.
ExxonMobil Chemical
is the world's largest supplier of butyl polymers to the global
tire industry. Other recent technological contributions to the
tire industry include advanced tire inner liners using its
proprietary ExxproTM polymers and dynamically vulcanized alloy
(DVA) technology. This technology facilitates production of
lighter, more durable tires while providing enhanced vehicle fuel
efficiency.
September 24, 2007 ExxonMobil Chemical
ExxonMobil Chemical Announces Expansion of its Rotterdam Aromatics Plant
ExxonMobil Chemical today
announced it will invest in an expansion of its Rotterdam
Aromatics Plant.
The expansion will make this world-scale plant ExxonMobil’s largest paraxylene production
facility,
increasing its paraxylene production capacity by
25 percent and
benzene
production capacity by 20 percent.
"This
investment demonstrates ExxonMobil’s ongoing commitment to meet
growing customer demand for these products and is part of the
company’s strategy to develop world-scale,
highly integrated chemical facilities with globally competitive
cost structures,” said Matt Aguiar, Basic Chemicals
Global Business vice president, ExxonMobil Chemical Company. “The new unit will benefit from
integration with existing facilities and capture a number of
synergies with the base plant."
In addition, the
new unit will employ ExxonMobil’s proprietary PxMaxSM technology
to produce paraxylene and benzene. The PxMax process improves
selectivity, generates less waste and reduces energy requirements
versus existing technologies.
This expansion
project, which will be owned and operated by ExxonMobil Chemical
Holland B.V., is targeted to help meet growing European demand
for paraxylene and benzene. Construction for the expansion
project will commence this year.
Rotterdam Aromatics Plant
・Aromatics: Benzene, Toluene, Paraxylene, Orthoxylene, Mixed Xylenes
・CyclohexaneRotterdam Oxo Alcohol Plant
・Alcohols: Oxo-alcohols
・Vammar productsRotterdam Plasticizers Plant and Phthalic Anhydride Plant
・Jayflex plasticizers
・Phthalic anhydride
October 8, 2007 ExxonMobil Chemical
ExxonMobil Chemical Forms New Specialty Business to Supply High Performance Compounded Polyolefin Products
ExxonMobil Chemical
Company today announced that it has formed a new specialty
compounds and composites business to focus on the development,
production and marketing of engineered polyolefin compounds. The new business is organized to
provide customers with efficient delivery of innovative products
that fully utilize ExxonMobil's polymer and process development
capabilities and global reach.
“The creation of
the new business is a significant step in ExxonMobil Chemical’s global specialty products
strategy and reflects its commitment to provide high performance
and cost-effective polyolefinic solutions,”
said Jim McKinley,
global specialty compounding manager, ExxonMobil Chemical
Company. “A global team of application and
development experts has been established to work with industry
leaders to introduce products more quickly and effectively into
new and existing applications.”
The business
portfolio includes a new line of ExxonMobil
Performance Polyolefins for automotive applications. Products range from soft and
flexible compounds to reinforced composites. This is made
possible by ExxonMobil's extensive slate of polypropylene,
polyethylene, and elastomer base polymers that can be produced
globally and tailored for specialty compounds.
This announcement
marks another milestone in ExxonMobil’s commitment to a global
compounded products business. The company recently started up a
specialty compounding center in Baton Rouge, La., providing
complementary capability in North America to that of its existing
European facility in Lillebonne, France. In March 2007,
ExxonMobil also announced the official opening of its Polymers
Automotive Applications Center in Kawasaki, Japan.
“ExxonMobil
Chemical is committed to ongoing investment in technology and
leading-edge compounding facilities,” McKinley said. “We are excited about this
opportunity to better serve our customers in established and high
growth markets, such as India and China, with a unique portfolio
of engineered thermoplastic products.”
ExxonMobil Chemical Steps Up Asia Pacific Specialty Compounds Supply with Compounding Agreement
ExxonMobil Chemical will
improve the supply of its specialty compounds in Asia Pacific
following the establishment of a compounding agreement with Resin &
Pigment Technologies Pte. Ltd. (R&P), a subsidiary of EnGro Corporation
Limited.
Under the agreement, R&P will manufacture a broad range of
ExxonMobil Chemical’s specialty compounds for use in
automotive interior and exterior applications, appliances and
consumer products.
The R&P
facility is located on Jurong Island, Singapore, just two
kilometers from ExxonMobil Chemical's petrochemical complex.
ExxonMobil Chemical will leverage its global portfolio of
specialty plastics and elastomers using the Singapore complex as
the primary source of polyolefins for the production of its
specialty compounds. The R&P facility is ISO 9001 certified
and recently achieved ISO/TS 16949 automotive certification.
Specialty
compounds, such as ExxonMobil's line of Exxtral™
performance
polyolefins, will be produced at R&P’s facility to supply customers
throughout Asia Pacific. This new capacity, which can be expanded
significantly in line with growing needs, will improve ExxonMobil
Chemical’s global supply. ExxonMobil
Chemical will utilize its existing sales network and service
infrastructure to serve customers across the region.
"Because this
simplifies the supply chain, we can respond more quickly to
changes in demand," said Jim McKinley, manager, ExxonMobil
Chemical specialty compounds business. "Our aim is to
provide more efficient, larger scale production close to the
source of integrated feedstock supply. By offering a wider range
of high performance materials from the region’s Singapore hub, our Asia Pacific
customers will benefit from more efficient service and supply.”
Earlier this year,
ExxonMobil Chemical announced the start up of a new $20 million
specialty compounding facility in Baton Rouge, Louisiana with an
annual capacity of 40 thousand tons. This facility complements
ExxonMobil Chemical’s compounding capability in
Lillebonne, France and additional compounding capacity from
regional service providers.
About ExxonMobil
Chemical
ExxonMobil Chemical is a global leader in technology, product
quality and customer service with petrochemical manufacturing
and/or marketing operations around the world.
About Resin &
Pigment Technologies Pte. Ltd.
Resin & Pigment Technologies Pte. Ltd. is a thermoplastic
compounding company operating in the Asia Pacific region, and is
a subsidiary of EnGro Corporation Limited.
-------
EnGro is a leading slag-cement producer
in Singapore. Since 2005, the Group has strengthened the
supply-chain by leveraging on its GGBS joint venture production
base in China coupled with its Pulau Damar Laut bulk-terminal cum
logistics services undertaken by Top-Mix ready-mix concrete
operations.
EnGro has built 2 core businesses, namely the specialty cement
and the specialty polymer. Operationally, it is driven by 2
growth engines supplemented by evergreen venture capital (VC)
investment activity in technology-driven businesses.
Resin & Pigment Technologies (R&P) is one of the regions leading companies in customized polymer processing and compounding, offering solutions to enhance material performance as well as colour appearance for major polymer producers.
Established in 1989, R&P has since grown to become the preferred value creation partner with compounding expertise across a wide range of polymers for applications in the electrical, electronics, automotive, construction and civil engineering, household and consumer, packaging and agriculture sectors.
ExxonMobil to Invest at Record Levels to Meet Future Energy Demand
Exxon Mobil Corporation today announced plans to invest at record levels -- between $25 billion and $30 billion annually over the next five years -- to meet expected long-term growth in world energy demand.
“The global economy is currently experiencing a downturn, but at ExxonMobil we are focused on the long term,” Rex Tillerson, chairman and chief executive officer, said at an annual briefing for investment analysts at the New York Stock Exchange.
“ExxonMobil’s strong financial position, resulting from the strength of our business portfolio and our prudent approach to risk management and investment, enables us to develop new oil and gas projects, increase our production of higher value refined products and grow our chemical business.”
Tillerson outlined ExxonMobil’s major achievements in 2008 and plans for the future. Highlights include:
-- Production started at eight major projects in 2008, which at their peak are expected to add the net equivalent of 260,000 barrels per day to the company's production. A further nine major projects are expected to commence production in 2009, and at their peak are expected to add the net equivalent of an additional 485,000 barrels per day to production.
-- The company once again replaced more than 100 percent of production through proved reserves additions in 2008. It was the 15th consecutive year that the company's proved reserves additions have more than replaced production. In addition, net exploration acreage has been increased by about 40 percent since 2003.
-- In the downstream, the company is progressing plans to invest more than $1 billion in lower-sulfur diesel projects at three refineries in the US and Europe. Once complete in 2010, these projects will allow an increase in lower-sulfur diesel production of 140,000 barrels per day.
-- In the chemical business, the company has ramped up construction activity on world-scale petrochemical projects in China and Singapore, and continues to invest for specialty business growth, including a new plant in South Korea to manufacture lithium ion battery separator film to meet expected demand growth including batteries for hybrid and electric vehicles.
-- ExxonMobil continued its superior performance with a 2008 return on average capital employed of 34 percent, significantly higher than its closest competitor.
"ExxonMobil is strong, resilient, and well positioned for the future," said Tillerson.
“Our commitment to developing advanced technology, our industry-leading operational and project-management capabilities and exceptional employees continue to position the company as the partner of choice for resource owners around the world.”
This is the seventh year that ExxonMobil has made an annual presentation to analysts at the New York Stock Exchange.
ExxonMobil Makes Technology Investment in China
ExxonMobil Chemical Company announced today that it has made the final decision to build a technology center in Shanghai, China to provide product applications support for its growing business in the Chinese and Asian markets.
“Over the next 10 years, we expect roughly 60 percent of the world’s petrochemical growth to occur in Asia, and we are rapidly expanding our manufacturing footprint through major capacity additions in Fujian, China and Singapore," said Steve Pryor, president, ExxonMobil Chemical Company. "The decision to build a technology center in Shanghai reinforces our long-term commitment to China and the region. The new investment will support our growing sales of premium products by providing innovative solutions to customer needs.”
ExxonMobil Chemical is an industry leader in the development and application of premium products that add value through enhanced product performance, energy efficiency, pollution prevention and greenhouse gas emission reduction.
The new technology center will be built and operated by ExxonMobil Asia Pacific Research & Development Company Limited, and will be located in the Shanghai Zizhu Science-based Industrial Park. Laboratories and product demonstration facilities at the center will provide applications technical service and a range of applications development capabilities.
The selection of Shanghai as the site for its new technology center reflects the importance of China in the business development and growth plans for ExxonMobil Chemical Company.
“Asia, particularly China, provides unique growth opportunities for ExxonMobil,” said Robert C. Davis, vice president, Global Technology, ExxonMobil Chemical Company. “This is reflected in our decision to build ExxonMobil Chemical’s newest technology center in China. We look forward to better serving the needs of our customers in China and the region.”
The technology center in Shanghai is expected to be operational in 2010.