Feedstock Flexibility, Energy Efficiency Contribute to ExxonMobil Chemical's Success

Business Wire, March 21, 2007

HOUSTON -- ExxonMobil Chemical qualified more than 100 new steam-cracking feedstocks of varying qualities from around the world to run in its plants in 2006. The energy efficiency of its steam crackers has improved by almost 10 percent over the past four years.

Feedstock flexibility and energy efficiency are contributing to ExxonMobil Chemical's success, Senior Vice President Sherman Glass, Jr., today told the participants at CMAI's 22nd Annual World Petrochemical Conference and Workshops in Houston.

In his discussion of the factors important to long-term success in the petrochemical business, Glass said that among the most important are:

* flexibility to capitalize on differences in the availability, quality and cost of feedstocks;

* a steady reduction in the use of energy, which also has the benefit of lower emissions;

* a relentless focus on costs, efficiency, reliability and safety; and

* the use of state-of-the-art technologies to meet the changing needs of customers.

The full text of his presentation is available at http://exxonmobil.com/Corporate/Newsroom/SpchsIntvws/Corp_NR_SpchIntrv w_SJG_032107.asp (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.)

ExxonMobil Chemical is a global leader in technology, product quality and customer service with petrochemical manufacturing and/or marketing operations around the world. To find out more about ExxonMobil Chemical visit www.exxonmobilchemical.com.

Editor's note: The term "ExxonMobil Chemical" refers collectively to some or all of the companies affiliated with Exxon Mobil Corporation, and/or itself, which have chemical manufacturing and/or marketing operations around the world.