“We continue to invest in expanding capacity at our strategic hub in Singapore, which is an ideal location to efficiently serve the fast growing Asia Pacific market.”With 75 years of experience in butyl rubber production and sales, ExxonMobil’s halobutyl products provide outstanding air retention for tires. According to ExxonMobil’s Energy Outlook, the global number of cars and light trucks is expected to double by 2040 to 1.7 billion vehicles, which supports much of the growth expected for halobutyl rubber.Since the 1970s, ExxonMobil has been an industry leader in process technologies and capacity expansions of specialty tackifiers and polymers for the adhesives industry. Hydrogenated tackifier demand is expected to double over the next 15 years. Much of the growth is anticipated in Asia, where packaging, woodworking and nonwovens manufacturers increasingly use hot melt adhesives.
Statements relating to future plans, projections, events or conditions are forward-looking statements. Actual results, including project plans, costs, timing, capacities, and economic impacts, could differ materially due to factors including: changes in oil or gas prices or other market or economic conditions affecting the oil, gas and petrochemical industries, including the scope and duration of economic recessions; changes in law or government regulation, including tax and environmental requirements; the ou”e of”mercial negotiations; changes in technical or operating conditions;The”ponent integrates a variety of functions such as a cupholder mount and other factors discussed under the heading “Factors Affecting Future Results” in the “Investors” section of our website and in Item 1A of ExxonMobil’s 2012 Form 10-K.
We assume no duty to update these statements as of any future date. The term “project” as used in this release does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government payment reporting.ExxonMobil Chemical is one of the world’s premier petrochemical”panies with manufacturing, technology, and marketing operations around the world. The”pany delivers a broad portfolio of products and solutions efficiently and responsibly, with a”mitment to create outstanding customer and shareholder value.