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ExxonMobil and Engel sign cooperation agreement

July 26/2017

MOSCOW (MRC) -- ExxonMobil (China) Investment Co., Ltd. has announced that it has signed a strategic cooperation agreement with Engel Machinery (Changzhou) Co., Ltd. and officially became a strategic partner of Wintec, a brand of Engel Group, reported GV.

Wintec specialises in providing durable injection moulding machines for the mass production of standard products.

Under the agreement, ExxonMobil will join hands with Wintec to provide injection moulding machine end-users with total lubricant solutions. In addition, the companies plan to establish a long-term complementary strategic partnership in terms of brand cooperation, market promotion, technical exchanges on lubricants, lubricants supply and services.

As MRC informed earlier, in the second half of May 2017, affiliates of ExxonMobil Corporation and Sabic signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work. In April 2017, ExxonMobil and Sabic selected a site in San Patricio County, Texas, for the proposed petrochemical complex that would include an ethane steam cracker capable of producing 1.8 MMtpy of ethylene, a monoethylene glycol unit and two polyethylene units.

ExxonMobil and Sabic have collaborated on several petrochemical JVs in Saudi Arabia, including the Al-Jubail Petrochemical Company and Saudi Yanbu Petrochemical Company. Most recently, the companies constructed world-scale specialty elastomers facilities at the Al-Jubail joint venture complex to help meet the growing demand for rubber-based industrial and automotive products.
Author:Margaret Volkova
Tags:PE, PET, monoethylene glycol (MEG), propylene, ethylene, injection moulding, adhesives, Engel, Exxon Mobil, Sabic, USA.
Category:General News
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