Exxonmobil Chemical: CIFIC Asia-Pacific Demand for Synthetic Lubricants To Grow To Meet Increasingly Stringent Fuel Efficiency and Emissions Standards

Company Shares Perspectives and Insights on Asia Pacific Lubricants Market at China Inter Lubric 2014 Conference

Beijing, CHINA (November 20, 2014) – ExxonMobil Chemical anticipates that Asia Pacific demand for synthetic lubricants will continue to grow as the number of automobiles climbs in proportion to a rapidly expanding, urban population and middle class. The use of synthetic lubricants will increase as automakers continue designing smaller-engine passenger and commercial vehicles to meet increasingly stringent standards for fuel efficiency and emissions.

Several lubricants market perspectives and insights were shared by company representatives at the 2014 China International Lubricant and Technology Exhibition (Inter Lubric), taking place at the China International Exhibition Center (CIEC) from the 20th to the 22nd of November 2014. The special session, presented by ExxonMobil Chemical Synthetics Global Marketing Manager Brad Rinderknecht, “Energy and Lubricants – A View to the Future,” showed how expanding commercial and passenger vehicle fleets, coupled with advancements in engine and equipment design, as well as regulations governing emissions, are driving greater demand for innovative synthetic lubricants.

“Innovations in engine and equipment design have helped further energy-efficiency gains and have helped meet emissions-reduction requirements,” explains Rinderknecht. “However, to sustain or accelerate efficiency improvements, further advancements must be made to develop lubricants that help achieve even greater fuel economy and energy efficiency, longer drain intervals, and the ability to perform in increasingly severe operating conditions. We believe that synthetic lubricants are particularly well suited to meet this challenge.”

According to ExxonMobil’s 2014 Energy Outlook, China and India are anticipated to account for half of the projected growth in global energy demand from now until 2040, which should create significant growth opportunities for base stock suppliers.

“ExxonMobil Chemical understands the increasingly challenging lubricant performance requirements and is dedicated to helping customers develop new advanced synthetic lubricants to meet or exceed expectations,” added Rinderknecht. “Engine oils, transmission fluids, industrial lubricants and greases made with our synthetic base stocks help engines and equipment achieve longer performance, longer drain intervals and less energy consumption than conventional mineral oils.”

2014 marks ExxonMobil Chemical’s 11th year of participation in the China International Lubricants and Technology Exhibition, and reflects the company’s deep commitment to serving its lubricant customers in China and Asia Pacific, today and in the future. As one of the largest synthetic base stock suppliers, ExxonMobil Chemical is well positioned to address the trends impacting the future of the lubricants industry, and to serve as a trusted source of information and guidance to formulators around the world.

Visitors to ExxonMobil Chemical Corporation’s booth (A002) can meet with technical experts to discover how the company helps customers formulate with its innovative synthetic base stocks. Attendees will be provided with the opportunity to learn more about the company’s broad portfolio of advanced synthetic base stocks – SpectraSyn™ Elite mPAO, SpectraSyn Plus™ PAO, SpectraSyn™ PAO, Synesstic™ AN and Esterex™ Esters.

ExxonMobil Chemical technical experts will also present three public seminars at its booth. Seminars will address the innovation behind synthetic base stocks – SpectraSyn Elite™ mPAO and ExxonMobil Chemical Group V base stocks – Synesstic™ Alkylated Naphthalene and Esterex™ Esters.

About ExxonMobil Chemical

ExxonMobil Chemical is one of the world’s premier petrochemical companies with manufacturing, technology, and marketing operations around the world. The Company delivers a broad portfolio of products and solutions efficiently and responsibly, with a commitment to create outstanding customer and shareholder value. ExxonMobil Chemical endorses the principles of sustainable development, including the need to balance economic growth, social development and environmental considerations. To learn more, visit www.exxonmobilchemical.com or www.exxonmobilsynthetics.com or www.spectrasynelite.com

Note to Editors:
1. The term “ExxonMobil Chemical” refers collectively to some or all of the companies affiliated with Exxon Mobil Corporation, and/or itself, which have chemical manufacturing and/or marketing operations around the world.