ExxonMobil Catalysts and Licensing LLC, BASF Corporation Form Gas Treating Alliance for Natural Gas Processing and Petroleum Refining

HOUSTON–(BUSINESS WIRE)–ExxonMobil
Catalysts and Licensing LLC
and BASF
Corporation
have signed an alliance agreement to jointly develop new
gas treating solvents and process technologies for use in natural gas
processing and petroleum refining. Under this new agreement, BASF will
market and license technologies developed from this collaboration, along
with FLEXSORBTM and OASE® technologies.

ÔÇ£With over 35 years of experience providing advance technologies for gas
treating, we are excited to partner with BASF to provide innovative
solutions to the industry,ÔÇØ said Chris Birdsall, President of ExxonMobil
Catalysts and Licensing LLC. ÔÇ£The alliance leverages our collective
expertise to meet customer needs by providing technologies to increase
capacity, reduce energy consumption, and meet tighter sulfur
specifications.ÔÇØ

ÔÇ£By bringing together two highly capable research and development teams,
we expect to accelerate technology development and reduce the time to
market,ÔÇØ said Heidi Alderman, Senior Vice President, Intermediates, for
BASF Corporation. ÔÇ£The next generation technologies will offer
significant performance improvements for the benefit of our customers.ÔÇØ

ExxonMobil has been offering its unique selective gas processing
technology under the FLEXSORB
brand since 1983, including the proprietary FLEXSORB SE and FLEXSORB SE
PLUS solvents. The technology has been demonstrated in over 120
commercial applications worldwide.

With more than 40 years of experience, BASF offers its customers
efficient solutions for the treatment of various gases such as natural
gas, gas synthesis and biogas. Worldwide, these solutions have been
proven and demonstrated in more than 400 reference plants. BASF markets
its range of technologies, gas treatment agents and complete technical
services under the brand OASE┬« – Gas Treating Excellence by
BASF.

For more information, visit www.basf.com/oase.

About ExxonMobil Catalysts and Licensing LLC

ExxonMobilÔÇÖs cutting-edge proprietary catalysts, gas treating solvents
and advantaged process technologies help refineries and petrochemical
manufacturers and gas processors increase capacity, lower costs, improve
margins, reduce emissions and operate safe, reliable and efficient
facilities. Ready for better results across your refining, gas and
chemical needs? View
our video

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the
North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has
more than 18,200 employees in North America, and had sales of $17.9
billion in 2017. For more information about BASFÔÇÖs North American
operations, visit www.basf.com.

At BASF, we create chemistry for a sustainable future. We combine
economic success with environmental protection and social
responsibility. The more than 115,000 employees in the BASF Group work
on contributing to the success of our customers in nearly all sectors
and almost every country in the world. Our portfolio is organized into
five segments: Chemicals, Performance Products, Functional Materials &
Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of
Ôé¼64.5 billion in 2017. BASF shares are traded on the stock exchanges in
Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.

Contacts

BASF
Leslie Thomson, 346-252-4187
[email protected]
or
ExxonMobil
Media Relations
832-625-4000