|  | EXXONMOBIL CHEMICAL'S PROJECT PLANS FOCUSED ON MEETING
ASIA DEMAND GROWTH
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Beijing, May 25, 2007 -- ExxonMobil Chemical's asset base in the Middle East
and Asia is ideally positioned to meet petrochemical demand growth, Senior
Vice President Jim Harris today told participants at the 2007 China
Petrochemical Focus conference in Shanghai.
Harris explained that over the next 10 years, the company expects that 60
percent of the world's petrochemicals growth to occur in Asia, over one-third
in China alone. "By 2015 we expect Asia will account for 50 percent of global
demand for key commodity products, and China alone will represent 25 percent,"
he said.
ExxonMobil Chemical's investments in the Middle East and Asia are based on
long- term competitive advantages, including integration with other
operations, advantaged feedstocks and market access, according to Harris. "We
anticipate that major projects the company is pursuing in Saudi Arabia, Qatar,
Singapore and China would increase our capacity in Asia and the Middle East by
over 50 percent over the next several years."
Harris said, "ExxonMobil Chemical is an industry leader in operational and
transactional excellence, customer and market focus, and technology. We have
continually demonstrated our long-term commitment to the industry through our
investments, innovation, products and services."
The full text of his presentation is available at
www.exxonmobil.com.
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.
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Photocaption: Products from ExxonMobil's world-scale
chemical plant in Singapore meet the needs of customers in Asia, including
China.
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.
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