News from ExxonMobil

Korea

ExxonMobil has signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and Korea Gas Corporation (KOGAS) to hold discussions concerning natural gas technologies and new energy technologies. The agreement will focus on the natural gas value chain, including cryogenic materials, hydrogen production and fuel cell utilisation, energy efficiency technologies and technologies associated with robotics and automation.

The multi year agreement was signed in the presence of Youngsam Kim, Director General of Investment Policy at the Korea Ministry of Trade and Industry; Sara Ortwein, President of ExxonMobil Upstream Research Company; Richard Guerrant, VP of ExxonMobil Gas and Power Marketing Company; and Graham Dodds, President of ExxonMobil in Korea.

Chalmette Refining

ExxonMobil has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50% interest in Chalmette Refining, LLC in Louisiana. PBF Energy will purchase 100% of Chalmette Refining, LLC, which is a joint venture between affiliates of PDVSA and ExxonMobil.The agreement includes the Chalmette refinery and chemical production facilities near New Orleans, Louisiana and the company’s 100% interests in MOEM Pipeline, LLC and 80% interest in each of Collins Pipeline Company and T&M Terminal Company. ExxonMobil operates Chalmette Refining, LLC and Mobil Pipeline Company, an ExxonMobil affiliate, operates the logistics infrastructure.

Edited from press releases by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/refining/24062015/exxonmobil-news/