Company Overview of ExxonMobil Chemical Company, Inc.
ExxonMobil Chemical Company, Inc. manufactures and markets petrochemical products. It offers polymers and chemicals that include olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, plasticizers, additives for fuels and lubricants, zeolite catalysts, hydrocarbon and oxygenated fluids, butyl polymers, synthetic fluids and lubricant base stocks, polymer modifiers, chemical intermediates, and specialty elastomers. The company serves clients in adhesives, agriculture, automotive, building and construction, consumer products, healthcare and medical, industrial applications, labels, lubricants, nonwovens, and packaging industries. ExxonMobil Chemical Company, Inc. was formerl...
13501 Katy Freeway
Houston, TX 77079-1398
Founded in 1966
Key Executives for ExxonMobil Chemical Company, Inc.
Chairman and Chief Executive Officer
President of ExxonMobil Refining & Amp
Senior Vice President of Polymers
Vice President of Butyl Polymers Global Business
Compensation as of Fiscal Year 2014.
ExxonMobil Chemical Company, Inc. Key Developments
ExxonMobil Chemical Announces New Projects to Expand Specialty Hydrocarbon Fluid Production
Sep 24 14
ExxonMobil Chemical announced that the company is increasing production of its high performance hydrocarbon fluids by about 10% through expansion projects at its Singapore and Antwerp facilities. The additional capacity, designed to meet rapidly expanding global demand for hydrocarbon fluids and extend the company's worldwide supply capability, will begin producing by mid-2015 and be complete in 2016. The expansion projects, which upgrade refining streams into specialty chemical products, are in progress and build on other recently announced large investment projects in the company's Singapore and Antwerp facilities. The company has expanded production in Singapore to meet expected demand across the Asia Pacific region. ExxonMobil's capacity expansion in Antwerp is among other investments totaling more than $2 billion over the last decade at the facility. The expanded hydrocarbon fluids unit will further strengthen ExxonMobil's integrated downstream and chemical portfolio in northwest Europe to better compete in the global industry environment.
West Pharmaceutical Services, Inc Enters into Global Supply Agreement with ExxonMobil Chemical Company
Aug 15 14
On August 11, 2014, West Pharmaceutical Services Inc. entered into a global supply agreement with ExxonMobil Chemical Company. The agreement is effective for the period January 1, 2014, through December 31, 2018. Under the agreement, EMCC and certain of its subsidiaries have agreed to supply certain identified Exxon butyl polymers to West and certain of its subsidiaries and affiliates. The EMCC products are used as a principal raw material in a broad range of West's polymer-based pharmaceutical packaging products. Pricing for the products is based on discounts of EMCC's and its subsidiaries' list prices. The parties may renegotiate pricing based on changes in certain economic trends and conditions, including but not limited to the levels of industrial production, tire demand, labor rates, energy costs and foreign exchange relationships.
ExxonMobil Chemical Company Begins Multi-Billion Dollar Expansion Project in Baytown, Texas
Jun 19 14
ExxonMobil Chemical Company announced that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu. This project, and major investments ExxonMobil has made to develop oil and natural gas resources in the United States, including the merger with XTO Energy, demonstrates the company's continuing commitment to American economic growth and job creation. ExxonMobil is expanding its Mont Belvieu, Texas polyethylene plant to produce more high performance premium plastics for export to global markets. The steam cracker will have a capacity of up to 1.5 million tons per year and provide ethylene feedstock for downstream chemical processing, including processing at two new 650,000 tons per year high performance polyethylene lines at the company's Mont Belvieu plastics plant.
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