ExxonMobil marks progress on technology deployment in Singapore

• ExxonMobil technology to upgrade bottom-of-the-barrel products into higher-value lubricant base stocks and cleaner fuels
• Integrated facility will employ efficient technologies to optimize overall energy use and limit emissions

SINGAPORE – ExxonMobil today marked progress on lubricant base stock and fuels technology deployment at its integrated refining and petrochemical complex in Singapore. To accommodate COVID-19 safe social distancing requirements, senior company representatives and government leaders participated in a virtual foundation laying ceremony.

ExxonMobil will use its exclusive technologies to upgrade fuel oil and other bottom-of-the-barrel products into higher-value lubricant base stocks and distillates.

The facility will use efficient technologies to optimize overall energy use and limit emissions, including enhancing the recovery and compression of waste gases to reduce flaring. Waste heat will be recovered and used to generate steam to reduce electricity and fuel consumption.

“ExxonMobil is building on our base in Singapore by deploying new technology and developing new products to support growing demand,” said Gan Seow Kee, Chairman and Managing Director, ExxonMobil Asia Pacific Pte. Ltd. “We are committed to managing our operations with a focus on energy efficiency and doing our part to reduce the risk of climate change.”

In addition, ExxonMobil is in discussions with the Singapore government on potential decarbonization pathways, including opportunities to pilot novel carbon capture technologies in Singapore.

“ExxonMobil’s deployment of its new and exclusive technology in Singapore is forward looking and in line with the global move towards a lower-carbon and environmentally sustainable future,” said Dr. Beh Swan Gin, Chairman, Singapore Economic Development Board. “We value our long-standing partnership and the many job opportunities and capabilities that the company has created and continues to create for Singaporeans and Singapore. Even as we address the dislocations caused by the COVID-19 outbreak, Singapore will stay focused on strengthening our competitiveness for the long term.”

“We are proud of our employees in Singapore and around the world who are working to maximize production of critical materials to support the COVID-19 response, including chemicals used in medical and sanitization products,” Gan added.

The Singapore refining and petrochemical complex is ExxonMobil’s largest integrated manufacturing facility in the world, with a crude oil distillation capacity of 592,000 barrels per day and ethylene capacity of 1.9 million tonnes per year.

About ExxonMobil in Singapore

ExxonMobil is one of Singapore’s largest foreign manufacturing investors with over S$25 billion in fixed assets investments. The Singapore affiliate, ExxonMobil Asia Pacific Pte Ltd, (EMAPPL) has manufacturing facilities that include refinery operations in Jurong and a world-scale petrochemical plant on Jurong Island. EMAPPL has a network of service stations under the Esso brand and is a supplier of cylinder cooking gas. EMAPPL also serves the commercial market with its industrial, aviation and marine fuels and lubricants. ExxonMobil and EMAPPL contribute to programs in Singapore to support sustainability through support for arts and education, the community and the environment. For more information, visit www.exxonmobil.com.sg or follow us on Twitter www.twitter.com/exxonmobil_sg.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Cautionary Statement: Statements relating to future plans, projections, events or conditions are forward-looking statements. Actual results, including project plans, timing, costs, and production; future earnings potential; integration benefits; efficiencies and competitiveness; and the impact of technology could differ materially due to factors including: changes in oil, gas or petrochemical prices or other market or economic conditions affecting the oil, gas and petrochemical industries, including the scope and duration of economic recessions; timely implementation of project plans; changes in law or government regulation, including tax and environmental requirements; the outcome of commercial negotiations; changes in technical or operating conditions; actions of competitors; future demand growth; and other factors discussed under the heading "Factors Affecting Future Results" in the “Investors” section of our website and in Item 1A of ExxonMobil's 2016 Form 10-K. We assume no duty to update these statements as of any future date. The term “project” as used in this release does not necessarily have the same meaning as under any government payment transparency reporting requirements.