ExxonMobil Baytown Project to Feature Environmental Technology, Premium Products

  ExxonMobil Baytown Project to Feature Environmental Technology, Premium
  Products

   ExxonMobil Chemical President discusses plans at IHS World Petrochemical
                                  Conference

Business Wire

HOUSTON -- March 20, 2013

State-of-the art environmental technology will enable ExxonMobil’s planned
chemical expansion at Baytown to operate within existing Texas permitted
emission limits, Steve Pryor, president of ExxonMobil Chemical Company, said
in a speech today at the IHS World Petrochemical Conference.

“Reducing environmental impact has been an ongoing strategy at Baytown,” Pryor
said. Over the past decade, the site has invested over $1.3 billion in
environmental upgrades to improve air quality and achieve double-digit
improvements in energy efficiency.

The plans include a new multi-billion dollar world-scale steam cracker and
expansion of premium polyethylene production at ExxonMobil’s Baytown site,
already the country’s largest integrated refining-chemical complex, Pryor
noted. The facilities will produce premium polymers incorporating company
advances that have reduced film thickness by two percent per year for the last
20 years, said Pryor.

He pointed out that the unique advantages of premium products, unmatched scale
and integration with the company’s refining and natural gas businesses should
sustain economic returns over the ups and downs of the business cycle.

The Greater Houston area would benefit from $870 million per year in increased
economic activity, including an estimated 10,000 jobs at the peak of
construction and 3,800 permanent jobs.

The Baytown project illustrates the company’s strategy for sustainability,
benefiting customers, shareholders, the environment, and society, Pryor
concluded.

                                     ###

Statements relating to future plans, projections, events or conditions are
forward-looking statements. Actual results, including project plans, costs,
timing, capacities, and economic impacts, could differ materially due to
factors including: changes in oil or gas prices or other market or economic
conditions affecting the oil, gas and petrochemical industries, including the
scope and duration of economic recessions; changes in law or government
regulation, including tax and environmental requirements; the outcome of
commercial negotiations; changes in technical or operating conditions; and
other factors discussed under the heading "Factors Affecting Future Results"
in the “Investors” section of our website and in Item 1A of ExxonMobil's 2012
Form 10-K. We assume no duty to update these statements as of any future date.
The term “project” as used in this release does not necessarily have the same
meaning as under SEC Rule 13q-1 relating to government payment reporting.

To see the full remarks, visit:
http://www.exxonmobil.com/Corporate/news_speeches_20130320_sdp.aspx

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.

Contact:

ExxonMobil Chemical Company
Margaret Ross, +1 281 870 6607
 
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