Sale of Santoprene business announced

ExxonMobil Chemical Company has signed a framework agreement with Celanese Corporation for $1.15 billion for the potential sale of its global Santoprene business, including the company's plant in Newport, Wales. 

Sale of Santoprene business announced

The proposed sale is expected to complete in the fourth quarter of this year and to involve nearly 100 colleagues from Newport

ExxonMobil Chemical Company has signed a framework agreement with Celanese Corporation for $1.15 billion for the potential sale of its global Santoprene business, including the company’s plant in Newport, Wales.

The proposed sale is expected to complete in the fourth quarter of this year and the majority of the 350 employees working for the Santoprene business, involving nearly 100 from Newport, will transition to Celanese as part of the share sale.

Many companies, including Celanese, showed an interest in the Santoprene business due to its success and the quality of its workforce, and ExxonMobil will continue to have an ongoing relationship with Celanese as a supplier.

Also in this issue

ExxonMobil signs MoU with Acorn Carbon Capture and Storage project 

ExxonMobil has signed a Memorandum of Understanding to participate in the Acorn Carbon Capture and Storage project (CCS) in Scotland. 

Fawley flowers are blooming beautifully

A popular 'Parish in Bloom' project in Fawley will continue to flourish for another year thanks to support from local businesses including ExxonMobil, which has contributed £1,000 towards this year's planting. 

New film marks the end of Brent production

John Gillies, projects and technical manager for UK Central and Northern North Sea and Azerbaijan has participated in a new video, produced by Shell, which looks back at the pioneering human story of the world famous Brent oil and gas field from its discovery in the East Shetland Basin of the North Sea in 1970s to the present day. 

Esso's new fuel offers farmers a better route to lower emissions

Our Fuels & Lubricants team is testing the market for fuels that enable customers to cut their carbon footprint without suffering some of the operational issues that have occasionally been associated with biofuels. 

                       

Sale of Santoprene business announced