ExxonMobil Awards FLEXICOKING™ Technology License to Sinochem Hongrun Petrochemical Co. Ltd.

• Proprietary technology designed to minimize capital investment and
  energy imports while providing significant environmental benefits
• Project targeted to start in 2020
• The sixth new FLEXICOKING unit licensed in seven years

HOUSTON–(BUSINESS WIRE)–ExxonMobil
Catalysts and Licensing LLC today announced an agreement with
Sinochem Hongrun Petrochemical Co. Limited, to license ExxonMobil’s FLEXICOKING™
technology to build a resid upgrading unit at Sinochem Hongrun’s
High-End Chemical Park located in Binhai Economic-Technological
Development Area, Weifang City, Shandong Province, People’s Republic of
China.

This grassroots unit will process about 1.2 million metric tons of
vacuum residue feedstock per year and enable Sinochem Hongrun to produce
high quality liquid products including clean transportation fuels and
chemical feedstocks as well as clean-burning fuel gas. The project is
currently in the engineering design phase and targeted for start-up in
2020.

“ExxonMobil’s FLEXICOKINGtechnology offers greater
flexibility than conventional delayed coking,” said Chris Birdsall,
president of ExxonMobil Catalysts and Licensing LLC. “The application of
FLEXICOKING technology will help the Sinochem Hongrun refinery optimize
resid upgrading by minimizing capital investment and energy consumption.”

The process technology also provides significant environmental
advantages by eliminating open air coke handling and coal transportation
and reducing fired heater emissions due to the clean-burning fuel gas
produced by the FLEXICOKING unit.

ExxonMobil’s FLEXICOKINGtechnology is a commercially proven,
continuous fluid-bed technology that thermally converts heavy oils –
such as vacuum resid, oil sands bitumen, deasphalter bottoms and FCC
bottoms – to lighter, more valuable products. By integrating fluid
coking with air-steam gasification, FLEXICOKING technology substantially
eliminates petroleum coke production while providing a clean fuel gas.
As a result, the process offers comparatively greater flexibility when
upgrading residuum.

About ExxonMobil Catalysts and Licensing LLC

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About Sinochem Hongrun Petrochemical Co. LTD

Sinochem Hongrun Petrochemical Co., Ltd. is engaged in refining and
petrochemical producing owning the producing license awarded by the
state. We have won the honors of National Best Enterprises in both
Contract Performing and Credit, National Top 100 Petrochemical
Companies, Shandong Top 100 Largest Enterprises, and Leading Enterprises
of Weifang.

Contacts

ExxonMobil Catalysts and Licensing LLC
Media Line: 832-625-4000