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EXXONMOBIL ANNOUNCES LDPE LICENSING AGREEMENT IN THAILAND
ExxonMobil Chemical Technology Licensing LLC announced today that it has signed a licensing agreement with Thailand's PTT Chemical Public Company Limited, for production of low-density polyethylene and ethylene vinyl acetate in a 100 KTA autoclave system. PTTChem, an affiliate of PTT Group and the largest producer of ethylene and propylene monomer in Thailand, also produces HDPE and supports their downstream petrochemical plants with a variety of utilities and logistics facilities. "We selected ExxonMobil's autoclave technology because of its proven performance in plants around the world, its cleanliness, safety and excellent conversions," said Suphon Tubtimcharoon, PTTChem's senior executive vice president marketing and commercial. "This technology offers us a cost-effective way to meet demand for LDPE/EVA in this region." Neil Chapman, vice president, Global Polyethylene Business, ExxonMobil Chemical Company, said, "PTTChem is a growing producer in a rapidly growing market. We are pleased to have been selected as its licensor in this latest production expansion." The flexibility of the ExxonMobil LDPE technology will enable PTTChem to produce an extensive grade slate. The products produced by the ExxonMobil technology can be used in a variety of applications, including film packaging, injection-molded articles, insulation materials, pipe and tubing. ExxonMobil Chemical Technology Licensing, LLC is a globally recognized licensor of proprietary technologies, either directly or through arrangements with other licensing companies. The technology offerings span petrochemical and polymer sectors including manufacturing technologies for tubular/autoclave LDPE, polypropylene, xylene, paraxylene, benzene, mixed xylenes, ethylbenzene, cumene, propylene and ethylene with supporting proprietary catalyst offering in the aromatics process technology areas. For additional information see the ExxonMobil Chemical web site at www.ExxonMobilChemical.com and click on the "Technology" menu. 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. http://www.exxonmobilchemical.com
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