Sasol to License ExxonMobil Technology for Louisiana Polyethylene Plant
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130328:nBw285883a HOUSTON--(Business Wire)-- ExxonMobil Chemical Technology Licensing LLC, an affiliate of ExxonMobil Chemical Company, (NYSE:XOM), has signed an agreement to license its tubular process technology to Sasol North America for a new low density polyethylene (LDPE) plant in Lake Charles, La. The new 420 thousand tonnes per year plant is expected to be completed in late 2016. Sasol Polymers, a division of Sasol Chemical Industries, also licensed the ExxonMobil Chemical tubular process for its LDPE plant in Sasolburg, South Africa, that opened in 2005. "LDPE producers continue to choose our tubular process technology for its broad grade-slate capabilities, high reactor uptime and lower total cost compared with commercial gas-phase reactors," said Jennifer Dunphy, vice president, ExxonMobil Chemical Technology Licensing. "The performance of our LDPE plant in Sasolburg and the experience of working with ExxonMobil Chemical before, during and after that facility came online helped convince us that the ExxonMobil Chemical tubular process was also the best choice for our Lake Charles plant," said Mike Biesheuvel, managing director, Sasol Polymers International Investments. "The demonstrated performance of other ExxonMobil Chemical LDPE process licensees in plants with 400 thousand tonnes per year capacities was another important factor in our selection." Used worldwide by ExxonMobil Chemical and its licensees, the company`s high-pressure tubular process has been in operation since 1968 and has a long history of improvements and capacity expansion. The company also licenses autoclave technology for producing LDPE. ### About ExxonMobil Chemical ExxonMobil Chemical is one of the world`s premier petrochemical companies with manufacturing, technology, and marketing operations around the world. The company delivers a broad portfolio of products and solutions efficiently and responsibly, with a commitment to create outstanding customer and shareholder value. ExxonMobil Chemical endorses the principles of sustainable development, including the need to balance economic growth, social development and environmental considerations. To learn more, visit www.exxonmobilchemical.com Note to Editors: ExxonMobil and the ExxonMobil logo are trademarks of Exxon Mobil Corporation. The term "ExxonMobil Chemical" refers collectively to some or all of the companies affiliated with Exxon Mobil Corporation, and/or itself, which have chemical manufacturing and/or marketing operations around the world. ExxonMobil Chemical Media Line, +1 281 870 6607 or Margaret Ross, +1 281 870 6607 Copyright Business Wire 2013