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ExxonMobil Chemical to Expand World's Largest IPA Plant

Posted on: Monday, 17 October 2005, 09:00 CDT

ExxonMobil Chemical (NYSE:XOM) will increase the production capacity of isopropyl alcohol (IPA) at its Baton Rouge, Louisiana, (USA) plant. This investment demonstrates ExxonMobil's ongoing commitment to serve the global IPA business and further enhance its competitiveness. The last upgrade of this plant was completed in 2003.

The project, which is scheduled for completion in the fourth quarter of 2006, will increase the nameplate capacity of the world's largest IPA plant to 380 kt/year.

ExxonMobil has been in the IPA business for over 80 years and today has a strong presence in markets around the world. "Over the years, ExxonMobil Chemical has consistently invested in its IPA manufacturing, technology and supply chain capabilities," said T.J. Wojnar, vice president, Fluids Global Business Unit, ExxonMobil Chemical Company. "Expanding the manufacturing capacity of the Baton Rouge IPA plant is another demonstration of our ongoing commitment to serve our global fluids customers."

"We recognize the importance of supply reliability, especially in today's dynamic marketplace," said Cindy Shulman, marketing manager, Fluids Global Business Unit, ExxonMobil Chemical Company. "This expansion further strengthens our capability to competitively supply IPA around the world and enables us to meet future market-growth opportunities."

About ExxonMobil Chemical

ExxonMobil Chemical is a global leader in technology, product quality and customer service with petrochemical manufacturing and/or marketing operations in more than 150 countries around the world. Its products include olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks and additives for fuels and lubricants.

IPA is an oxygenated solvent used extensively in coatings, cleaning, electronics, personal care and pharmaceuticals. It is also a feedstock for the production of agricultural chemicals.

For more information about ExxonMobil Chemical, visit our website at www.exxonmobilchemical.com.

Editor's notes:

1) Release is available at URL: http://www.exxonmobilchemical.com/Public_PA/WorldwideEnglish/Newsroom/ Newsreleases/ (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

2) Photo is available at: http://www.exxonmobilchemical.com/Public_Images/PublicAffairs/ IPArelease_big.jpg (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Photo Caption: ExxonMobil Chemical largest IPA facility in the world in Baton Rouge, LA.

3) ExxonMobil, the ExxonMobil logo, the "Interlocking X," are trademarks or registered trademarks of Exxon Mobil Corporation.

4) The term "ExxonMobil Chemical" refers collectively to some or all of the companies affiliated with Exxon Mobil Corporation which have chemical manufacturing and/or marketing operations around the world.

Source: Business Wire

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