ExxonMobil Chemical celebrated the opening of its Shanghai Technology Center at a ceremony in Shanghai's Zizhu Science-Based Industrial Park. The $90-million facility represents a critical link for development of new premium products which can be manufactured or distributed globally.

"The opening of the Shanghai Technology Center is a significant milestone demonstrating our long-term commitment to China and the region," said Steve Pryor, president of ExxonMobil Chemical Company. "We anticipate tremendous premium product growth and this center will support that growth by delivering innovative customer solutions."

"The Shanghai Technology Center enables us to work more closely with Asian customers on premium product applications and tailor solutions to the local market," said Will Cirioli, vice president, Global Technology, ExxonMobil Chemical Company. "The advanced technology expertise of our 200 employees will ensure customers capture the unique benefits of our products."

The 27,000 square meter facility contains advanced analytical and testing laboratory equipment and commercial-scale product processing equipment, including blown and cast film extrusion, injection molding, compounding, and packaging. The facility is ExxonMobil Chemical's third-largest technology center in the world.

ExxonMobil Chemical is one of the world's premier petrochemical companies with manufacturing, technology, and marketing operations around the world.