MHI Receives Order for Large-Scale Polyethylene Plant Project In the USA for ExxonMobil Chemical

 MHI Receives Order for Large-Scale Polyethylene Plant Project In the USA for
                             ExxonMobil Chemical

PR Newswire

TOKYO, June 26, 2014

TOKYO, June 26, 2014 /PRNewswire/ -- Mitsubishi Heavy Industries America, Inc.
(MHIA), fully owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has
received an order from ExxonMobil Chemical Company (ExxonMobil) for two
large-scale polyethylene (PE) plant lines with a combined production capacity
of 1.3 million tons per year.

The PE plant on order is to be constructed on a site adjacent to ExxonMobil's
existing plant near Houston, Texas. Earlier MHI received an order to provide
engineering design, land preparation work, etc. at the site. The latest
contract covers engineering, procurement and construction (EPC).

The new contract includes two PE plant lines each having a production capacity
of 650,000 tons per year, consisting of reaction equipment as well as
finishing, packaging and shipping equipment. It also includes the construction
of utility facilities for water, air and steam.

The Polyethylene plant project is an ExxonMobil expansion project to increase
a capacity of its existing complex near Houston to produce the plastic
polyethylene. The product will be a premium-grade polyethylene which can be
used to make lighter and lower cost packaging products with smaller
environmental footprints. The PE expansion project is part of a
multibillion-dollar project of ExxonMobil. ExxonMobil estimates that the
multibillion-dollar project including the PE expansion will create 10,000 area
jobs during its construction and will create about $870 million of economic
activity annually once it's up and running.

MHI has enjoyed a favorable relationship with ExxonMobil for some time. In
addition to a robust track record in orders for large-scale compressor
turbines for ExxonMobil's ethylene plants, in 2011 MHI completed a project to
construct a large-scale PE plant (two lines), also with a total production
capacity of 1.3 million tons per year, as part of a petrochemical complex
ExxonMobil owns on Jurong Island in southwest Singapore.

To date MHI has received orders for a total of 13 PE plants. The latest
contract was successfully concluded thanks not only to this track record but
also to the client's high evaluation of MHI's capabilities in PE plant
engineering.

The U.S market for chemical plants is expanding rapidly today amidst
increasing production of shale gas. In view of this market trend, in April
2013 MHIA expanded an Environmental Systems Division and newly established
Environmental and Chemical Plant Division in Houston. Going forward, liaising
closely with this new base the company looks not only to strengthen its ties
of trust with ExxonMobil but also to undertake proactive sales activities in
the U.S.'s increasingly vibrant chemical plant market.

[Reference]
ExxonMobil's press release on June 19, 2014
http://news.exxonmobil.com/press-release/exxonmobil-chemical-company-begins-multi-billion-dollar-expansion-project-baytown-texa

About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one
of the world's leading heavy machinery manufacturers, with consolidated sales
of 3,349.5 billion yen in fiscal 2013, the year ended March 31, 2014. MHI's
diverse lineup of products and services encompasses shipbuilding, power
plants, chemical plants, environmental equipment, steel structures, industrial
and general machinery, aircraft, space systems and air-conditioning systems
and more.

For more information, please visit the MHI website (http://www.mhi-global.com
).

SOURCE Mitsubishi Heavy Industries America, Inc.

Website: http://www.mhi-global.com
Contact: Mitsubishi Heavy Industries America, Inc. (MHIA), Hirotada Sakai,
Public Relations, Main line: (212)969-9000 Ex. 137
 
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