Badger Licensing to Provide Cumene Technology to Rabigh Phase II Project in Saudi Arabia

  Badger Licensing to Provide Cumene Technology to Rabigh Phase II Project in
  Saudi Arabia

Business Wire

BOSTON -- July 31, 2013

Badger Licensing LLC (Badger) today announced that it was awarded a contract
by Aramco Services Company and Sumitomo Chemical Co., Ltd. to provide its
proprietary technology for a 384,000 metric tons per annum grassroots cumene
plant as part of the Rabigh Phase II Project in Rabigh, Saudi Arabia. The
contract includes technology license, engineering, training and start-up
services for the cumene plant, due to start-up in 2016.

“Rabigh Phase II is an impressive project in the growing petrochemical
industry in the Middle East and Badger is proud to be associated with it,”
said Mark Healey, president of Badger. “I believe Badger’s proven cumene
technology will enable the Rabigh Phase II Project to achieve a low cost of
ownership by leveraging long catalyst cycles and high operational
reliability.”

Cumene is a precursor to the production of phenol and subsequently bisphenol A
and polycarbonate. Nearly ten million metric tons per annum of cumene capacity
has been licensed by Badger and its predecessor companies since the technology
was introduced in 1995.

Badger Licensing LLC, headquartered in Boston, MA, USA, is a venture of
affiliates of Technip and ExxonMobil Chemical Company. Badger Licensing is
principally engaged in marketing, licensing and developing technologies for
ethylbenzene, styrene monomer, cumene and bisphenol A.

Editor's Notes:

1. Badger Licensing LLC is a joint venture between Badger Technology Holdings
LLC (affiliate of Technip) and Alkylation Licensing LLC (affiliate of
ExxonMobil Chemical Company).

Contact:

Badger Licensing LLC
Mary Kelleher, 1-617-748-7217
mary.kelleher@badgerlicensing.com