EXXONMOBIL CHEMICAL ACQUIRES BASELL'S SHARES IN CIPEN PLANT

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EXXONMOBIL CHEMICAL ACQUIRES BASELL'S SHARES IN CIPEN PLANT
01 October 2004 - ExxonMobil Chemical Co

ExxonMobil Chemical has announced the acquisition of Basell's 50% share in the Compagnie Industrielle des Polyéthylènes de Normandie (CIPEN) plant in Notre Dame de Gravenchon, France, giving it 100% percent ownership of the facility.

The plant manufactures linear low density polyethylene (LLDPE) resins. The acquisition is effective as of 1 October 2004.

'Market acceptance of metallocene-based polyethylene resins continues to grow rapidly and we are committed to extending our global supply capability to meet the growing needs of our customers,' said Jim Harris, Senior Vice President, ExxonMobil Chemical Company. 'This acquisition clearly demonstrates our strong commitment to our customers and to the industry.'

http://www.exxonmobilchemical.com

About: ExxonMobil Chemical Co
ExxonMobil Chemical Co is one of the largest petrochemical companies in the world. It is an integrated manufacturer and global marketer of olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks, additives for fuels and lubricants, zeolite catalysts and other petrochemical products.

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