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ExxonMobil Chemical launched technology centre in China

March 30/2011

(ICIS) -- ExxonMobil Chemical is planning to increase development of new premium products for Asia by opening a USD 90m (EUR 64m) technology centre it completed over two years in fast-growing China, the company said on Wednesday. The Shanghai Technology Center (STC), inaugurated by ExxonMobil Chemical president Stephen Pryor, aims to help deliver innovative customer solutions, the company said in a statement.

The 27,000sqm facility contains advanced analytical and testing laboratory equipment and commercial-scale product processing equipment, including blown and cast-film extrusion, injection moulding, compounding, and packaging.

The facility is ExxonMobil Chemical's third-largest technology centre in the world. The company has two major technology centres in the US and Europe.

ExxonMobil sees Chinas petrochemical demand growth outpacing GDP expansion in the next five years. The company plans to continue to invest in the centre in Shanghai to meet future technology-growth needs in the region.

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