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Expansion will improve collaboration and enhance research and
development capabilities
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Focus on accelerating development of scalable energy solutions with
reduced environmental impact
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New facilities include an engine test center and a lubricant research
and development blend plant
ExxonMobil
announced today that it has broken ground on the expansion of its
research facility in Clinton, N.J., a key center of innovation that
supports the company’s broad research and development programs.
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Vijay Swarup, vice president of research and development, ExxonMobil Research and Engineering Company, with Clinton Township Mayor John Higgins during the expansion groundbreaking. (Photo: Business Wire)
Expansion of the facility, home to ExxonMobil’s fundamental and process
research and development, including advancing algae biofuel and carbon
capture technologies, is expected to be completed in 2019 and will
include employees relocating from its research facility in Paulsboro,
N.J.
“The expansion of our New Jersey research and engineering center will
improve collaboration across our organization and enhance our ability to
accelerate breakthroughs in new and emerging technologies,” said Bruce
March, president of ExxonMobil Research and Engineering Company. “By
co-locating our research and development and products technology
organizations in Clinton, we expect to bring potential new technologies
online faster and at the scale necessary to meet the world’s growing
needs for energy.”
ExxonMobil is engaged in a broad range of programs and partnerships
focused on developing scalable, energy solutions to meet global demand
while minimizing environmental impacts and mitigating the risk of
climate change.
“Our research addresses key elements of the dual challenge we currently
face, which means supplying energy for modern life and improving living
standards while minimizing impacts on the environment, including the
risks of climate change,” said Vijay Swarup, vice president of research
and development. “By consolidating our research capabilities under one
roof and fully leveraging the expertise in all of our departments, we
hope to develop scalable solutions that drive both long-term shareholder
and societal value.”
The expanded facility in Clinton will include a new engine testing
center, a lubricant research and development blend plant, and
enhancements to existing facilities to accommodate employees relocating
from Paulsboro.
ExxonMobil also works with about 80 universities around the world to
explore next-generation energy technologies. The company collaborates
with Energy Centers at Princeton University, Massachusetts Institute of
Technology (MIT), and the University of Texas at Austin as part of its
commitment to finding meaningful and scalable solutions to meet global
energy demand.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy company,
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. For more
information, visit www.exxonmobil.com
or follow us on Twitter www.twitter.com/exxonmobil.
Cautionary Statement: Statements of future events or conditions
in this release are forward-looking statements. Actual future results,
including project plans and timing and the impact of new technologies,
could differ materially depending on the outcome of research programs;
the development and competitiveness of alternative technologies; the
ability to develop and scale new technologies on a cost-effective basis;
political and regulatory developments, including changes in
environmental laws and international treaties and accords; and other
factors discussed in this release and under the heading “Factors
Affecting Future Results” on the Investors page of ExxonMobil’s website
at www.exxonmobil.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171013005066/en/
Copyright Business Wire 2017
Source: Business Wire
(October 13, 2017 - 9:00 AM EDT)
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