Badger Licensing to Provide Technology for New Ethylbenzene / Styrene Monomer Plant in China

BOSTON–(BUSINESS WIRE)–Badger Licensing LLC (Badger) today announced that Zhejiang Petroleum &
Chemical Co., Ltd. (ZPC) has selected Badger’s proprietary technology
for a 1200 KTA grassroots ethylbenzene / styrene monomer (EB/SM) plant
being built in Daxiaoyushan Island, Daishan District, Zhoushan City,
Zhejiang Province, People’s Republic of China. The contract includes
technology license, process design and start-up services.

The new plant, one of the largest EB/SM plants in the world, will
utilize Badger’s proprietary EBMax™1 technology integrated
with Badger’s proprietary styrene technology. Basic engineering design
work has begun and the plant is scheduled for mechanical completion and
startup in 2018.

“With the implementation of this impressive project, ZPC has immediately
made themselves into a major styrene producer, not only in China but in
the world,” said Dana Johnson, president of Badger. “Badger’s unique
capabilities and experience in scale-up and designing EB/SM plants of
this size, in conjunction with the advantages that our innovative
technologies offer, were instrumental in this award. We are proud that
ZPC has selected Badger’s technologies and we look forward to working
with them on this significant project to ensure the successful design,
startup and operation of the plant.”

Styrene monomer, with a worldwide capacity of over 30 million metric
tons per annum, is a precursor to the production of a variety of polymer
derivatives, including polystyrene (PS), acrylonitrile butadiene styrene
(ABS), and styrene butadiene rubber (SBR). Badger’s EBMax™ and styrene
technologies have been licensed more than 30 and 50 times, respectively,
for plants around the world.

Badger Licensing LLC, headquartered in Boston, Massachusetts, is a
venture of affiliates of TechnipFMC and ExxonMobil. Badger Licensing is
principally engaged in developing, marketing, and licensing technologies
for ethylbenzene, styrene monomer, cumene and bisphenol A.

1 EBMax is a registered trademark of Exxon Mobil Corporation.

Contacts

Badger Licensing LLC
Diane Saraceno, 1.617.748.7217
[email protected]