SPRING, Texas
,
September 28, 2022
(press release)
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ExxonMobil has expanded its portfolio of healthcare solutions to meet changing medical market needs for healthy, safe material options. Adhering to industry requirements for testing, quality assurance and traceability, the portfolio unites a wide range of high-performance products that are produced using Good Manufacturing Practices (GMP) for batch-to-batch product consistency that customers can rely on. The portfolio provides the building blocks to engineer a range of applications including medical supplies, infection protection products, and pharmaceutical and laboratory supplies. The portfolio includes AchieveTM Advanced PP, ExxonMobilTM PP, VistamaxxTM performance polymers, ExactTM polyolefin elastomers, ExxonMobilTM butyl polymers, ExxproTM specialty elastomers and ExxonMobilTM Isopropyl Alcohol (IPA). “The decision to create a portfolio of healthcare solutions, supported by a dedicated team of trusted industry application experts, was cemented by a combination of market factors, including the COVID-19 pandemic,” said Market Development Manager Gertrud Masure. “With a legacy of innovation that spans over 100 years, ExxonMobil is well placed to meet demand from customers for a broader selection of alternative solutions that promote healthy and safe patient care.” The COVID-19 pandemic, which required rapid production of face masks and other products to help combat virus transmission, was a major factor in ExxonMobil’s decision to create a portfolio of healthcare solutions. The healthcare industry’s desire for a polyvinyl chloride (PVC) replacement was another market driver which led ExxonMobil to develop suitable alternatives. While another motivating factor was customers’ preference to do business with a single-source materials supplier. Optimized performance and longevity of medical supplies, including drug/medical fluid delivery. Applications include syringes, infusion bags, IV/saline containers, ostomy bags, inhaling systems, drug and vitamin tubes, bottles, vials, containers, caps, seals, closures, briefs, and absorbent pads. “It really is the sum of the parts that makes our healthcare portfolio so attractive to customers,” said Americas Market Development Manager Abigail Agentis. “We seek to meet industry needs with a trusted portfolio of performance products that adhere to strict industry requirements for testing, quality assurance and traceability. Our collective motivation is to deliver innovative healthcare and pharmaceutical products that help enable patients to receive best-in-class, safe treatment.” To support its commitment to the healthcare industry, ExxonMobil is dedicated to fulfilling the future business needs of its customers by continuing to invest in production capacity and comprehensive supply chains. For example, ExxonMobil’s Polypropylene Growth Project in Baton Rouge is nearing completion, and the company continues to make good progress in support of a 2023 startup of the $2 billion investment to expand its Baytown chemical plant with a new Vistamaxx unit and world-scale, full range Linear Alpha Olefins unit. Products from both are expected to be used for a broad range of applications. About ExxonMobil Follow us on Twitter and LinkedIn. Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, our production capacity, and the impact of the COVID-19 pandemic on ExxonMobil’s business and results could vary significantly depending on a number of factors including the supply and demand for oil, gas, and petroleum products and other market factors affecting oil, gas, petrochemical and feedstock prices; the outcome of government policies and actions, including actions taken to address COVID-19 and to maintain the functioning of national and global economies and markets; the severity, length and ultimate impact of COVID-19 on people and economies; the outcome of further research and testing; the development and competitiveness of alternative technologies; the impact of company actions to protect the health and safety of employees, vendors, customers, and communities; actions of competitors and commercial counterparties; the ability to scale pilot projects on a cost- effective basis; political and regulatory developments including actions that may favor certain types of technologies over others; the outcome of commercial negotiations; and other factors discussed under Item 1A Risk Factors in ExxonMobil’s most recent annual report on Form 10-K and set forth under the heading “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com.
ExxonMobil’s high-quality, compliant-safe material solutions enable tailored innovation for:
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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