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Petrochemical giant to build Minhang center
By Staff Reporter |
April 25, 2009, Saturday
|
Print Edition
Print Edition
EXXONMOBIL Chemical Company, one of the world's premier petrochemical businesses, is set to build a technology center in the Zizhu Science and Hi-tech Park, Minhang District. It will provide product applications support for its growing business in the Chinese and Asian markets.
"Over the next 10 years, we expect roughly 60 percent of the world's petrochemical growth to occur in Asia, and we are rapidly expanding our manufacturing footprint through major capacity additions in China's Fujian Province and Singapore," said Steve Pryor, president of the company.
"The decision to build a technology center in Shanghai reinforces our long-term commitment to China and the region. The new investment will support our growing sales of premium products by providing innovative solutions to customer needs," he said.
The new technology center, to be built and operated by ExxonMobil Asia Pacific Research & Development Co Ltd, is expected to be finished and operational next year.
Laboratories and product demonstration facilities at the center will provide applications technical service and a range of applications development capabilities.
"Asia, particularly China, provides unique growth opportunities for ExxonMobil," said Robert C. Davis, vice president, Global Technology, ExxonMobil Chemical Company. "We look forward to better serving the needs of our customers in China and the region."
ExxonMobil Chemical is an industry leader in the development and application of premium products that add value through enhanced product performance, energy efficiency, pollution prevention and greenhouse gas emission reduction.
"Over the next 10 years, we expect roughly 60 percent of the world's petrochemical growth to occur in Asia, and we are rapidly expanding our manufacturing footprint through major capacity additions in China's Fujian Province and Singapore," said Steve Pryor, president of the company.
"The decision to build a technology center in Shanghai reinforces our long-term commitment to China and the region. The new investment will support our growing sales of premium products by providing innovative solutions to customer needs," he said.
The new technology center, to be built and operated by ExxonMobil Asia Pacific Research & Development Co Ltd, is expected to be finished and operational next year.
Laboratories and product demonstration facilities at the center will provide applications technical service and a range of applications development capabilities.
"Asia, particularly China, provides unique growth opportunities for ExxonMobil," said Robert C. Davis, vice president, Global Technology, ExxonMobil Chemical Company. "We look forward to better serving the needs of our customers in China and the region."
ExxonMobil Chemical is an industry leader in the development and application of premium products that add value through enhanced product performance, energy efficiency, pollution prevention and greenhouse gas emission reduction.
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